SEB Enskilda
Skandinaviska Enskilda Banken AB (publ)
SEB Enskilda was the brand of the equities and corporate finance business of Skandinaviska Enskilda Banken (SEB), the Stockholm-based Nordic bank; its equity research, now published under the SEB name, focuses on Nordic companies, including offshore and shipping stocks.
Company history
SEB traces its origins to Stockholms Enskilda Bank, founded by André Oscar Wallenberg in 1856, which merged with Skandinaviska Banken in 1972 to form Skandinaviska Enskilda Banken. In 2000 its investment bank, Enskilda Securities, bought Norwegian broker Orkla Finans for shares, giving Orkla a 22.5% stake that SEB repurchased in 2003. In 2005 SEB merged Enskilda Securities into its Merchant Banking division and rebranded the equities and corporate finance activities SEB Enskilda; its US unit was renamed SEB Securities in 2013.
- 1856André Oscar Wallenberg founds Stockholms Enskilda Bank
- 1972Merger with Skandinaviska Banken forms Skandinaviska Enskilda Banken
- 2000Enskilda Securities buys Orkla Finans; Orkla takes 22.5% stake
- 2003SEB buys Orkla's 22.5% stake in Enskilda Securities
- 2005Equities and corporate finance rebranded SEB Enskilda
- 2013US unit SEB Enskilda Inc. renamed SEB Securities
Research
Equity research concentrates on SEB's Nordic home markets, with more than 65 analysts covering over 300 Nordic companies (2026) from offices in Stockholm, Copenhagen, Helsinki, Oslo, London, New York and Frankfurt; US investors are served through broker-dealer SEB Securities, Inc. Ratings are Buy (at least 10% upside to target price), Hold (trading close to target) and Sell (trading above target), with target prices reflecting expected total return over six to 12 months.
Coverage12M
- Stocks
- 3
- Ratings
- 0
- Price targets
- 3
- Median upside
- −6.3%
- Upgrades
- 0
- Downgrades
- 0
- Initiations
- 0
- Reiterations
- 0
- Targets raised
- 2
- Targets cut
- 0
Sectors
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 BORRBorr Drilling Limited | — | $3.55 |
 NENoble Corporation Plc | — | $33 |
 GNKGenco Shipping & Trading Limited | — | $23 |
 INSWInternational Seaways, Inc. | — | $50 |
 RIGTransocean Ltd. | — | $2.80 |
 SDRLSeadrill Limited | Sell | $33 |
 VALValaris Limited | — | $45.50 |
Analysts24M
- Kim Andre UggedalSDRL · VAL2
- Jon SkalandINSW1
Recent actions
| Stock | Rating action | Target | Date |
|---|---|---|---|
| Borr Drilling LimitedBORR | Target | $2.40 →$3.55 | Aug 17 |
| Noble Corporation PlcNE | Target | $30 →$33 | Jan 27 |
| Genco Shipping & Trading LimitedGNK | Target | $23 | Sep 26, 2025 |
| Noble Corporation PlcNE | Target | $30 | Sep 1, 2025 |
| Seadrill LimitedSDRL | Target | $52 →$33 | Sep 1, 2025 |
| Valaris LimitedVAL | Target | $45.50 | Sep 1, 2025 |
| Borr Drilling LimitedBORR | Target | $2.40 | Sep 1, 2025 |
| Transocean Ltd.RIG | Target | $2.80 | Mar 5, 2025 |
| International Seaways, Inc.INSW | Target | $50 | Jan 24, 2025 |
| STScorpio Tankers Inc.STNG | Target | $73 | Sep 20, 2024 |
| LPDorian LPG Ltd.LPG | Target | $45 | Aug 23, 2024 |
| Seadrill LimitedSDRL | Target | $52 | Aug 7, 2024 |
References
- Our history - SEBsebgroup.com
- Sale of stake in Enskilda Securities (Orkla, 2003)orkla.com
- SEB Annual Report 2005annualreports.com
- Equity research - SEBsebgroup.com
- SEB equity research report with recommendation structure (January 2024)research.sebgroup.com
- SEB Securities, Inc. - FINRA BrokerCheckbrokercheck.finra.org