Self Storage Group ASA (Buy, TP: NOK25.00) - Signs of further Nordic growth
In its Q3 presentation, the company talked about its "opportunistic approach in Sweden and Denmark†and stated that it is “looking to selectively acquire existing self-storage providers in Scandinaviaâ€. In our view this may imply an M&A deal in the near future, with the aim to improve its Scandinavian platform and grow through an acquisition. The Q3 results beat our forecasts on minor positive deviations. We reiterate our BUY, and have raised our target price to NOK25 (22.5).
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.
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