Airline shares closed lower after a sharp drop in the target price.

Airline shares closed lower after a sharp drop in the target price.

The Oslo Stock Exchange's main index ended Tuesday at 1,401.33, down 0.57 percent.

Shares and share certificates worth NOK 3,765 million were traded on the entire exchange.

Among the leading European bourses, all were down. Germany’s DAX fell 1.27 percent, France’s CAC 40 fell 1.57 percent, while Britain’s FTSE 100 fell 0.61 percent.

Oil prices drop

Brent crude for August delivery was trading at $85.24 a barrel at the close of trading, down 0.59 percent. By comparison, North Sea crude was trading at $86.22 at the close of trading on Monday. West Texas Intermediate crude is trading at $81.94 a barrel, down 0.47 percent.

moderation The stock closed down 0.93 percent at NOK 291.75. BB turbidity The stock closed down 1.10 percent at NOK 261.70. Our energy It fell by 0.33 percent to 36.76 Norwegian kroner.

Aircraft stocks fell.

Fearnley Securities has initiated coverage of BW Energy With a buy recommendation. The target price is set at NOK 43 per share.

“Based on our estimates, we estimate a NAV of NOK 43 per share for which we set a price target and initiate coverage with a Buy recommendation on the shares and a Credit Buy on the $100 million senior unsecured bonds,” the brokerage wrote. The stock rose 6.90 percent to NOK 32.55.

On Tuesday, SpareBank downgraded 1 Markets. Norwegian– Share from buy to hold, price target cut sharply from NOK 20 to NOK 12. According to analyst Øyvind Mossig at SpareBank 1 Markets, there are no strong reasons why Norwegian should trade at a premium compared to other low-cost carriers such as Ryanair and Easyjet. The stock closed down 2.26 percent at NOK 10.40.

See also  He warned of the horror scenario - then the oil fund rose 40 percent - E24

EM Solar It's been a terrible few days on the stock exchange after the Italian verdict. They didn't get compensation in the fraud case. Today the stock exchange announced that they are not allowed to take out shareholder loans. The stock actually rose sharply in the morning hours and rose 17.6 percent, but then calmed down and ended up 6.06 percent at NOK 2.80.

Citigroup Raises Target Price for Hydrogen Co. Nile From NOK 4.6 to NOK 6 per share. The stock fell 1.70 percent to NOK 5.90.

Handelsbanken upgrades its long-term recommendation on ground frost To “outperform” from “market perform”. The cycle target is left unchanged. The stock closed down 0.46 percent at NOK 546.00.

Hunter Group It achieved an average site-related time charter of $32,015 per day in June, giving a TC margin of minus $19,735 per day, according to TDN Direkt. The stock fell 2.19 percent to NOK 2.23.

2020 Total time-rental earnings were reported Tuesday morning at about $38,900 per day in June 2024, including daily laundry benefits of about $3,900 per day today, according to TDN Direkt. The stock ended up 0.33 percent at NOK 151.30.

Independent research raises target price to sin– The share from NOK 197 to NOK 204. The stock fell 2.39 percent to NOK 204.50.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

Leave a Reply

Your email address will not be published. Required fields are marked *