Norway Royal Salmon ASA

Norway Royal Salmon has developed from a sales and marketing company for farmed salmon into an integrated seafood company. Co. is a fish farming company with activities in two main segments: fish farming and sales. The fish farming business includes salmon farming and harvesting activities. The fish farming business is divided into two regions: Region North, which consists of the fish farming business in Senja and West Finnmark; and Region South, which consists of the fish farming business in the area around Haugesund. The sales segment includes the purchase and sale of salmon, as well as Co.'s chain management activities.
  • TickerNRS
  • ISINNO0010331838
  • ExchangeOslo Bors
  • SectorFood Producers
  • CountryNorway

Analysts

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Martin Huseby Karlsen
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Anders Idborg ...
  • Martin Kaland
  • Øystein Elton Lodgaard
  • Tobias Kaj

Talking Points - Tomra (Sell): 2020 will be a year of waiting

Limited earnings growth in 2020e SELL with TP of NOK 185 (150)

Martin Kaland

Norway Royal Salmon - Short-term headwinds from costs

’20e EBIT down 12% mainly on costs, ‘21e EBIT -4% We see some downside risk to ‘20e volume guidance Supportive valuation LT; BUY, TP now NOK 250 (262)

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Anders Idborg ...
  • Martin Kaland
  • Øystein Elton Lodgaard
  • Tobias Kaj

Talking Points - Tomra (Sell): 2020 will be a year of waiting

Limited earnings growth in 2020e SELL with TP of NOK 185 (150)

Martin Kaland

Norway Royal Salmon - Short-term headwinds from costs

’20e EBIT down 12% mainly on costs, ‘21e EBIT -4% We see some downside risk to ‘20e volume guidance Supportive valuation LT; BUY, TP now NOK 250 (262)

Alexander Aukner

Norway Royal Salmon (Hold, TP: NOK230.00) - Higher costs and back-end loaded growth

Q4 operating EBIT of NOK136m was ~23–26% below our estimate and consensus, driven by lower volumes and higher costs. Costs are guided to remain high for the coming quarters, while a back-end loaded growth profile and increased interest charges due to higher capex mean we have cut our 2020–2021e EPS by 11.7–4.0%. The proposed DPS of NOK10 for 2019 was above our NOK8 forecast. We have cut our target price to NOK230 (240) but reiterate our HOLD.

A director bought 15,000 shares at 162.640NOK and

A director at Norway Royal Salmon bought 15,000 shares at 162.640NOK and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The ...

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Martin Huseby Karlsen
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling

Northern Lights

Alexander Aukner ...
  • Martin Arnell
  • Ole-Andreas Krohn

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Ole-Andreas Krohn

Northern Lights

Alexander Aukner ...
  • Joachim Gunell
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Viktor Trollsten

Northern Lights

Increased risk weighs on NORWAY ROYAL SALMON ASA, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of NORWAY ROYAL SALMON ASA (NO), active in the Farming & Fishing industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date February 7, 2020, the closing price was NOK 241.00 and its target price was estimated at NOK 201.12.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

YTD sideways congestion for the MSCI ACWI ex-US and an intact downtrend for the MSCI EM index continue to point to a risk-off environment for international equity markets, and supports our neutral outlook (at best)... see page 2. We continue to recommend avoiding broad indexed exposure in favor of selectivity. In today's report we highlight actionable country- and Sector-specific themes: • Norway and India are leadership. Norway's Oslo OBX and India's SENSEX remain global leaders. Overweight these markets... see below and page 3 for overviews and actionable country-specific stocks. • Austral...

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