Barclays raises Castellum, citing prospective buyback support

Castellum

06/07/2026 11:25

   ** Barclays upgrades Swedish real estate company Castellum CAST.ST to "equal weight" from "underweight" as a prospective share buyback offsets a weaker earnings base
** The broker raises its PT by 24% to SEK 130 following large-scale asset sales that provide capital to fund share repurchases and lower debt
** It adds these transactions give management significant capital allocation flexibility, while investor confidence in Nordic offices remains fragile
** The broker adds the scale of the expected buyback materially improves the near-term equity risk-reward profile
** Barclays says the disposals reflect a "better company action, but not yet a better operating story" and that the buyback will act as a meaningful source of share price support
** Out of 16 analysts covering the stock, seven rate it "strong buy" or "buy", five "hold", and four "sell" or "strong sell" —LSEG data
     

(Reporting by Marta Frackowiak)
((marta.frackowiak@thomsonreuters.com))