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BAKKAo - P/F Bakkafrost News Story

NOK716.6 55.0  8.3%

Last Trade - 06/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.59bn
Enterprise Value £3.84bn
Revenue £540.2m
Position in Universe 163rd / 1831

BRIEF-Sparebank 1 Markets cuts 2018, 2019 salmon price forecasts

Thu 21st December, 2017 7:47am
Dec 21 (Reuters) - Marine Harvest Asa  MHG.OL : 
    * SPAREBANK 1 MARKETS CUTS 2018 SALMON PRICE FORECAST TO NOK 
50.9 
PER KILO (EUR 5.30) FROM NOK 55.0 
    * SPAREBANK 1 MARKETS CUTS 2019 SALMON PRICE TO NOK 53.8 PER 
KILO 
(EUR 5.60) FROM NOK 57.7 
    * SPAREBANK 1 MARKETS SEES 15-25 PERCENT REDUCTION IN 2018 
EBIT ON 
NORWEGIAN SALMON SECTOR AFTER PRICE CUT 
    * SPAREBANK 1 MARKETS KEEPS SELL RECOMMENDATIONS ON MARINE 
HARVEST, LEROEY, SALMAR, BAKKAFROST AND GRIEG, KEEPS NEUTRAL ON 
NORWAY ROYAL SALMON 
    * SPAREBANK 1 MARKETS SAYS NEEDS TO SEE ANOTHER 10 PERCENT 
DROP IN 
SHARE PRICES BEFORE IT WILL START RECONSIDERING NEGATIVE SECTOR 
VIEW 
 
 
Further company coverage:  MHG.OL   LSG.OL   BAKKA.OL   NRSM.OL  
 SALM.OL   AUSS.OL   GSFO.OL   SSCOM.OL  
 
 (Reporting By Ole Petter Skonnord) 
 ((olepetter.skonnord@thomsonreuters.com;))
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