DNB and Nordea say “more to come” after Chilean salmon farmer’s stock surge 40% in 3 months

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Salmones Camanchaca scores price target increase.

According to TDN Finans, DNB Markets target price on Salmones Camanchaca is raised from NOK 56 per share to NOK 65 per share, repeating a buy recommendation.

The brokerage raises the calculate earnings per share with 10%, pointing out that the release of smolt in the Chile salmon industry confirms limited growth.

Nordea Markets changes its estimates slightly following the recent Q1 report, and repeats a buy recommendation at NOK 70.

Salmon Camanchaca’s stock inceases by 3,9% today at the Oslo Stock Exchange. The last traded price was NOK 63.35.