Both Nordea Markets, Swedbank and Pareto Securities lowered their price target on John Fredriksen dominated Marine Harvest, said TDN Finans.
Livestock Company On Thursday morning off their figures for Q2. And although the company convinced the operation, fulfilled they are not on the bottom line.
Marine Harvest reported a profit after tax of 42.5 million euros, equivalent to 393 million, against 4.3 million euros in the same period year.
According to TDN Finans was expecting a profit of 111 million euros.
Under 160 million
Pareto analyst Henning Lund downsamples reach the target price on salmon stock from 161 to 154 million, but retains its buy recommendation.
The same recommendation also retains Swedbank analyst Marius Gaard, which adjust the required price target on Marine Harvest from 160 to 153 million.
Nordea Markets, however, has a hold recommendation on the stock, and cut price target most – from 150 to 140 million.
the brokerage printer according to TDN Finans in an update that Marine Harvest’s quarterly report showed higher costs than expected, which was mainly driven by problems with lice in Central Norway.
“ocean temperatures in 2016 have risen further, and we see a risk for a number of challenges in the region over the coming months when sea lice thrive better at higher temperatures,” said the update from Nordea Markets.
Upgrading
Unlike the three other brokerages, has Fearnley Securities, however, been more positive for the stock. The upgrade Marine Harvest from accumulating to buy and hold on to its target of 156 million, according to Bloomberg data.
Marine Harvest fell 3.0 percent Thursday on the Oslo Stock Exchange, and today’s most actively traded. Friday continues the stock down 0.47 percent to 127.20 kroner.
Since the new year, Marine Harvest has climbed 6.35 percent, while the last twelve months is up 24.71 percent.
Please note that Periscopus by Trygve OBI owns four million shares, representing a stake of 0.9 percent in Marine Harvest.
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