Self Storage Group ASA (Hold, TP: NOK25.00) - Q2 and 2020 estimates cut
We have cut our Q2e revenues following Covid-19-, leading us to lower our 2020e adj. EPS (the Q2 results are due at c07:00 CET on 18 August). We believe the main potential share-price catalyst would be a takeover bid following the (ongoing) strategic review, announced in January. As this is our base case, we reiterate our HOLD and NOK25 target price.
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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