Barclays starts Beijer Ref at 'overweight' on scalable US platform

Beijer Ref AB (publ)

20/05/2026 13:31

** Barclays initiates Swedish refrigeration solutions wholesaler Beijer Ref BEIJb.ST with an "overweight" rating and a PT of SEK 155, citing its resilient end-markets and scalable U.S. platform

** The broker says the company benefits from its exposure to the critical repairs and maintenance market and an inflationary backdrop that can provide a meaningful topline upside

** It says a solid balance sheet and a disciplined M&A approach position Beijer Ref well to act as a consolidator in a highly fragmented market

** "We view continued M&A in the US as a major contributor to the equity story," Barclays says

** Exclusive distribution agreements should also benefit the company in the medium term, it adds

** Out of 10 analysts that cover the stock, eight rate it "strong buy" or "buy", one "hold" and one "sell", according to LSEG data

(Reporting by Marta Frackowiak)

((marta.frackowiak@thomsonreuters.com))