Locksmith giant Assa Abloy has seen minor downward adjustments to market forecasts for both sales and operating profit following its interim report on April 28. Meanwhile, the average target price has been slightly raised post-release, while the consensus recommendation remains at overweight.

The stock, which fell 1.5 percent on the day of the report, is at the time of writing down 6.1 percent since the release, while the blue-chip OMXS30 index has declined 0.5 percent.

Based on estimates received after the interim report, the Factset consensus for sales has been lowered by 0.3 percent for the current year and 0.6 percent for next year.

Forecasts for adjusted EBIT have simultaneously been reduced by 1.0 percent for the current year and 1.4 percent for next year. The growth forecast for adjusted EBIT next year has also been adjusted down to 8.1 percent from the previous 8.5 percent.

The average recommendation for Assa Abloy remains overweight. The average target price has been raised to 404.25 SEK from 398.00 SEK, representing an increase of 1.6 percent. This implies an upside of approximately 17 percent compared to the current share price.

Of the analyst recommendations, 56 percent are positive and 44 percent are neutral, while the proportion of negative recommendations stands at 0 percent. Prior to the report, the distribution was 56 percent positive, 40 percent neutral, and 4 percent negative recommendations.

Assa Abloy
Share price performance on report day-1.5%
Date2026-05-122026-04-27Difference
Share price344.60366.70-6.0%
Average target price404.25398.001.6%
Difference target price vs current share price17.31%8.54%
Consensus recommendationOverweightOverweight
Share of positive recommendations56%56%
Share of hold recommendations44%40%
Share of negative recommendations0%4%
Sales, current year154 894155 303-0.3%
Sales, next year163 170164 191-0.6%
Sales growth, next year5.3%5.7%
Adjusted EBIT, current year25 78626 038-1.0%
Adjusted EBIT, next year27 86828 254-1.4%
Adjusted EBIT growth, next year8.1%8.5%
Source: Factset