Investment bankers jack up Mowi price targets after capital markets day

Aslak Berge

Faith strengthened.

There was no news-saturated capital markets day on Wednesday. But Mowi CEO Ivan Vindheim and his management team went through a presentation of the company that has apparently given the investment banks increased reassurance behind their estimates.

Now several of them have lifted their price targets, according to TDN Direkt.

DNB Markets raises its price target to NOK 215 per share from the previous NOK 205 and repeated HOLD.

Pareto Securities adjusted its price target to NOK 210, from NOK 195 and repeated HOLD.

Danske Bank Markets raised the price target to NOK 238, from NOK 221 with a repeated BUY recommendation.

SEB Equities raised its price target to NOK 237, from NOK 220 and repeated BUY.

So far, this hasn’t hit the share price. On Thursday morning, Mowi’s share price fell 0.4 per-cent, to NOK 211.60, on an otherwise neutral Oslo stock exchange.