Before Marine Harvest’s share price slid 10 percent Friday and 1.8 percent Monday, to NOK 3.36 (€3.36/$4.93), analysts said a recent rebound in the company’s stock market value could continue well into the new year.
Glitnir Securities analyst Henning Lund pinpointed four reasons for this, including an expected rebound from stock price falls last year; encouraging salmon price developments; a succession of share buying by those with close links to the company; and a new management team.
Higher salmon prices and the appointment of Marine Harvest’s new CEO, Ase Aulie Michelet, are the main sources of renewed optimism.
“The
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Analysts cautious on Marine Harvest outlook
Analysts say they are cautiously optimistic about Marine Harvest’s 2008 prospects amid higher salmon prices, the appointment of a new CEO and a spate of insider share grabs.
8 January 2008 14:23 GMT
Updated
9 May 2016 7:31 GMT
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