Sparebank 1 Markets resumes coverage of salmon – with seven buy recommendations

editorial staff
Lerøy and NRS are the favourites.

After a break, following a change of analyst, the Norwegian investment bank Sparebank1 Markets has restarted its coverage of seafood shares. According to TDN DirektIt, an update from the investment bank appeared on Tuesday night.

And the market is looking rosy.

Lerøy Seafood is highlighted as the favorite among the larger fish farming companies as a result of a relatively low valuation and expectation of continued operational improvements in Lerøy Sjøtroll. Among the smaller fish farmers, Sparebank 1 Markets highlights Norway Royal Salmon (NRS) as a result of the significant volume growth potential and operational improvements from 2023.

Share Recommendation Price target
Mowi Buy 270
Salmar Buy 650
Lerøy Buy 105
Bakkafrost Hold 750
Grieg Seafood Buy 125
NTS Buy 121
NRS Buy 270
Frøy Buy 71

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