SEB repeats its Buy rating for security company Securitas with a target price of SEK 180. The bank sees potential for substantial share buybacks. This is according to an analysis seen by EFN.
The bank estimates that Securitas can buy back shares for up to SEK 15 billion during 2027-2028 without jeopardizing its leverage target.
Following the divestment of low-margin businesses, profitability has strengthened. The technology business is expected to account for half of the group’s EBITA in 2026, while data center security is growing by around 30 percent annually.
The analysts believe that the share’s valuation does not yet reflect the company’s transformation.
