Five banks increase Mowi price targets after Q3 financial report

Kepler Cheuvreux, Pareto Securities, Carnegie, DNB Markets and Arctic Securities are upgrading their Mowi price targets after Wednesday’s Q3 report. The Buy recommendations are maintained.

Pareto Securities raises its price target to NOK 200 from the previous NOK 190, and the buy recommendation is maintained, accoring to TDN Direkt.

“Third quarter figures as expected, strong guidance for the Norway business was positive”, writes the brokerage house, which adds that Arctic Fish is included in the estimates from the first quarter of 2023.

Kepler Cheuvreux maintains his buy recommendation on the share and adjusts the price target to NOK 175 from the previous NOK 170. Carnegie repeats its Buy recommendation on Mowi, while the price target is adjusted upwards to NOK 182, from the previous NOK 168.

Source: Infront

Following statements from the government and Conservative Party leader Erna Solberg, Carnegie believes that some easing of the proposed tax changes seems likely, which constitutes an upside potential for the brokerage house’s estimates, the analysis shows.

Arctic Securities raises its price target on Mowi to NOK 175 from the previous NOK 170. DNB Markets adjusts to NOK 180 from NOK 165.

Just after lunch on Thursday, the Mowi share traded at NOK 153.65, after a decrease of one per cent.

Newsletter