SEB Equities upgrades Mowi

News
680

From Hold to Buy.

The Swedish brokerage SEB Equities sets up the price target for the Mowi share at NOK 250 from NOK 212, reports TDN Direkt.

Mowis’ stock price falls 0.3 pc.t Monday morning.

In an analysis report, SEB Equities highlights the value of Mowi’s new fish feed factory in the UK, as well as expectations of a fixed market over the next few years. This indicates higher multiples for the stock, the brokerage believes.

SEB Equities estimates a net profit of EUR 1.33, corresponding to NOK 13.3, per share in 2020. This is expected to increase to EUR 1.45, NOK 14.5, in 2021.