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BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.57bn
Enterprise Value £3.83bn
Revenue £528.4m
Position in Universe 163rd / 1830

BUZZ-Salmon farmers: Attractive risk-reward - SpareBank 1 Markets

Mon 17th December, 2018 10:22am
** Oslo-listed salmon farmers rise as Norwegian investment
bank SpareBank 1 Markets upgrades the sector to "Buy" from
"Neutral"
    ** Shares of Grieg Seafood  GSFO.OL  +4.2 pct, SalMar
 SALM.OL  +3.6 pct, top of Oslo Stock Exchange's blue chip
 .OBX  index
    ** "The salmon sector has historically been very resilient
in turbulent markets, and with lower price expectations for
2019, we find the sector attractive from a risk-reward
perspective" says SpareBank analyst Tore A. Tønseth
    ** Tønseth believes negative factors affecting spot prices
in autumn are temporary and that everything is set for a strong
price development in 2019
    ** SpareBank 1 Markets is confident in NOK 61/kg (vol.
weighted, NOS) price assumption for 2019, raises price
assumption for 2020 to NOK 62.0/kg (61.0/kg), driven by lower
supply estimates from Chile
    ** Upgrades Marine Harvest  MHG.OL , Leroy Seafood Group
 LSG.OL , Grieg Seafood  GSFO.OL , Norway Royal Salmon
 NRSM.OL , Scottish Salmon Co  SSCOM.OL  NTS  NTSAS.OL  by one
notch to "Buy"
    ** Keeps Sell rating with upgraded PT on Bakkafrost
 BAKKA.OL  and SalMar  SALM.OL 





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