Enea (Buy, TP: SEK300.00) - Synergistic and accretive M&A set to drive further upside
An under-owned specialist-software small cap, Enea is a pandemic rebound story that we find still has room to re-rate over the next year. Supported by organic growth recovery, increased inorganic growth, and continued re-rating, we have lifted our target price to SEK300 (260) and maintain our BUY.
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.