Norwegian salmon farmers: Pareto Securities sees "strong market"

Austevoll Seafood ASA

29/10/2018 12:35

** Pareto Securities upbeat on all salmon farmers and says
it sees "strong market for several years down the road"
    ** Pareto ups its 2018-2020 salmon prices to NOK 61-61/kg
citing "somewhat lower supply estimates" and stronger demand 
    ** Pareto's 2020/2022 price estimate is NOK 63-64/kg -- says
still "positively surprised by the consumer's willingness to pay
for salmon"
    ** Upgrades Marine Harvest  MHG.OL , Bakkafrost  BAKKA.OL ,
Austevoll Seafood  AUSS.OL  and Norway Royal Salmon  NRSM.OL  to
"buy" and SalMar  SALM.OL  to "hold"
    ** Broker names Marine Harvest  MHG.OL  and Leroy Seafood
 LSG.OL  as its top picks among salmon farmers
    ** Austevoll Seafood  AUSS.OL  +6.8 pct, Norway Royal Salmon
 NRSM.OL  +5.7 pct, Leroy Seafood  LSG.OL  +4.8 pct, Bakkafrost
 BAKKA.OL  +4.1 pct, Marine Harvest  MHG.OL  +2.7 pct, SalMar
 SALM.OL  +2.2 pct 
    ** Oslo Stock Exchange Seafood Index  .OSLSFX  hits fresh
record high, +3.6 pct
    

 ((marta.frackowiak@tr.com))