DNB Markets, the equity research arm of the world's largest seafood lender, has initiated its coverage on land-based yellowtail farmer The Kingfish Company with a "buy" rating, demonstrating analysts' faith in the Netherlands-based group.

DNB set a target price of NOK 34 (€3.37/$4.03) per share, marking the upside potential 32 percent higher than current levels.

The Kingfish Company's share price is currently trading at NOK 25.80