Analysts’ round up recommendations ahead of Mowi’s Q4

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Majority of investment banks still have buy recommendation.

Mowi is expected to present an operating profit of EUR 224 million for the fourth quarter of 2018, showing the average estimate Infront Estimates obtained for TDN Direct.

Analysts expect an average of 111,000 tonnes of salmon in the fourth quarter.

The operating profit per kilo in the Norwegian fish farming business is expected to be EUR 2.39 in the quarter, while the Chilean fish farming business is expected to deliver an operating profit of EUR 1.47 per kilogram. In Scotland, EUR 1.55 per kilogram is expected, while operations in Canada are expected to deliver EUR 1.70 per kilogram.

In 2019, analysts expect a salmon price of NOK 61.6 (EUR 6.2) per kilo, rising to NOK 62.5 (EUR 6.3) in 2020.

Five out of seven analysts recommend buying / overweight at Mowi while two recommend hold. The average price target is NOK 213, varying between NOK 180 and NOK 235.