Catella (Buy, TP: SEK34.00) - Sleeping beauty
Sleeping beautyAll segments were again affected by still-low real estate transaction volumes. Nevertheless, with signs of an emerging sentiment shift in Corporate Finance, we believe Catella could be positioned to benefit from a potential rebound in deal activity in Q4 or Q1. The risk/reward remains attractive, in our view, with the stock now trading at a 2026e EV/EBIT of 7x. We reiterate our BUY, with a target price of SEK34.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.