Mowi: SEB and Carnegie raise price targets.
Investment bankers Skandinaviska Enskilda Banken (SEB) and Carnegie have increased their price targets for Mowi, reflecting optimism about the salmon producer’s growth prospects in 2025.
SEB raised its target to NOK 252 from NOK 244, while Carnegie adjusted its target to NOK 240 from NOK 230. Both firms reiterated their “Buy” recommendations on Mowi’s stock.
According to analyses published on Friday and reported by TDN Direkt, Carnegie highlighted Mowi’s conservative 2025 volume guidance of 520,000 tonnes.
The brokerage firm noted that Mowi’s biomass in the sea was 4.4% higher year-on-year as of Q3 2024, compared to its annual growth forecast of 3.6% for 2025.
“We believe the outlook for 2025 remains strong, with anticipated volume growth, better price realization, and lower costs in farming divisions,” Carnegie stated.
SEB also pointed to Mowi’s robust biomass growth entering the winter, positioning the company for strong performance in a constrained market environment.
Mowi shares closed at NOK 210.40 on Friday, up 1.35%.
