Momentum Group (Hold, TP: SEK180.00) - Solid growth in Q3
Momentum benefited from its more stable industrial aftermarket exposure in Q3, and we still see an appealing roll-up story in a fragmented Nordic industrial-component market, supported by a solid acquisition pipeline and financial ‘firepower’. We have only tweaked our 2024-26e EPS, and reiterate our HOLD and SEK180 target price, based on a relative valuation to key peers. We find a more neutral risk/reward, with the share price up 71% LTM and consensus 2024–2025e EPS raised by 9–13%.
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.