According to one analyst, its shares are undervalued and the company is delivering a strong performance.

“Be quick about it and buy Bakkafrost shares. They are under-priced. The company is delivering brilliant figures and even better figures are in the pipeline,” Kolbjorn Giskeodegaard from the brokerage Nordea Markets told IntraFish.

“The biggest positive surprise is that they have turned around the value-added processing segment from minus to plus, and managed this despite the high spot prices."

The group has 14 farm sites spread in 15 fjords in the archipelago.