Kepler Cheuvreux ups Grieg Seafood to 'hold' after asset sale

Grieg Seafood ASA

27/08/2025 13:32

** Kepler Cheuvreux upgrades Grieg Seafood GSFG.OL to "hold" from "reduce", expecting the Norwegian salmon farmer's recent asset sale to boost cash flow, dividends

** Though the company's Q2 EBIT fell below consensus, but Kepler says the focus was on the recent Canada and Finnmark asset sale and potential special dividends

** With the assets being sold for 10.2 billion Norwegian crowns  ($1.01 billion), Kepler sees net cash of NOK 3.2 billion in Q4 and a potential special dividend in the range of NOK 25-35

** Kepler raises target price by 54% to NOK 74

** Out of ten analysts that cover Grieg Seafood, four rate it "strong buy"/"buy", and six rate "hold"

($1 = 10.0736 Norwegian crowns)

 (Reporting by Marta Frąckowiak)

 ((marta.frackowiak@thomsonreuters.com))