European financial services firm Kepler Cheuvreux is recommending to 'buy' shares in land-based yellowtail farmer The Kingfish Company, after recently starting to cover its stock.

Kepler Cheuvreux set a target price of NOK 40 (€3.87/$4.71) per share.

The Kingfish Company's share price was trading at NOK 34.75 (€3.37/$4.10) as markets opened on Jan. 22, valuing the company for NOK 2.27