Pareto bank It ended the fourth quarter with a pre-tax profit of NOK 216.2 million, somewhat weaker than in the same quarter of the previous year. However, 2023 was a record year for the bank. However, the share fell by 3.5 percent to NOK 53.10.
Analysis changes
Pareto Securities raises the target price to Norwegian Air Shuttle to 15 Norwegian kroner, instead of 12, and repeat purchases.
After the company on Wednesday reported preliminary fourth-quarter operating results, Barreto expects the fourth-quarter report to focus on forecasts and pre-orders.
“The outlook appears strong, according to competitors. Although demand is debatable, the industry is still struggling with aircraft availability and capacity. For Norwegian, we expect an improvement in volume and costs, and the Widerøe acquisition will boost The position of the Norwegian company in Norway.
The stock rose 0.7 percent today after rising more than 13 percent last week.
Fearnley Securities cuts its price target to Nile to NOK 4 per share, starting from NOK 5.80, and recurring sales.
Against the backdrop of weak order acceptance and continued market headwinds, Fearnley is lowering its 2024 turnover estimates by approximately 20 percent to NOK 2.6 billion.
“The stock price has fallen in the past year, but has not yet reached the bottom,” the brokerage wrote.
The stock fell 2.6 percent today to NOK 5.41.
DNB Markets adjusts the target price to Norwegian Forest to NOK 60, from NOK 90, and repeat purchases.
The brokerage made significant negative revisions to estimates for 2024 and 2025, as a result of continued price pressure on printing and packaging paper, as well as a slower-than-expected increase in the company's transformation investments in packaging.
The stock fell 4.2 percent today to NOK 36.72.
More bears on insurance
Carnegie lowers its rating Jinsedig Forseeking On sale with a target price of NOK 170, down from NOK 200.
Based on the brokerage house's updated estimates, Gjensidige is trading at a 2024 P/E of 16.3 times, which is 10 percent higher than Tryg. Over the past five years, Gensedig stock has traded on average at a discount to its P/E of 18 percent.
“We represent a direct 2024 dividend yield of five percent, which is lower than most similar companies,” Carnegie writes.
- ABG Sundal Collier cuts target price to NOK 170, from NOK 185, and repeats hold.
- Arctic Securities is adjusted to NOK 185, from NOK 190, and the wait is repeated.
- Berenberg adjusts to NOK 195, from NOK 200, and repeats the wait.
- SEB adjusts to NOK 162, from NOK 165, and repeats sales.
- Nordea Markets (Buy, target price 220), Pareto Securities (Buy, target price 200) and DNB Markets (Buy, target price 190) reiterate their price targets and recommendations.
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