Barclays Raises PT to $61 from $55, Maintains Equal-Weight Rating on Viking.

Barclays Raises PT to $61 from $55, Maintains Equal-Weight Rating on Viking.

Swedbank AB (publ) has entered into an agreement to acquire the remaining 50% stake in EnterCard Group AB from Barclays Principal Investments Limited. The acquisition, announced on August 28, 2025, will see Swedbank owning 100% of the company [1]. EnterCard Group AB reported total assets of SEK 36 billion and total common equity of SEK 5.2 billion as of March 31, 2025 [1].

The acquisition is subject to regulatory approvals, including competition and relevant regulatory approvals. Swedbank and Barclays have co-owned Entercard since 2005, and the company will continue to operate under its own brand following the transaction. The cash consideration for the acquisition will be paid towards the common equity of EnterCard Group AB [1].

Barclays has also recently raised its price target for Viking to $61 from $55, while maintaining an equal-weight rating. This move reflects a positive outlook on the company's performance and growth prospects [2].

The transaction is expected to complete by year-end 2025, with Swedbank AB (publ) becoming the sole owner of EnterCard Group AB.

References:
[1] https://www.marketscreener.com/news/swedbank-ab-om-swed-a-entered-into-an-agreement-to-acquire-remaining-50-stake-in-entercard-group-ce7c50dcd989f725
[2] https://www.marketscreener.com/news/barclays-raises-pt-to-61-from-55-maintains-equal-weight-rating-on-viking-ce7c50dcd989f725