In a fresh update, Sparebank1 Markets Analyst Tore A. Tonseth wrote that the Marine Harvest share rallied Wednesday with an upswing of 5.6 percent. He is confident there is still an upside to the share.

"In the next one to two years we’re expecting historically high prices driven by heavy demand from the EU, a favorable trend in the rate of exchange and most importantly – growth limitations that lead to vary low growth in supply," he said.

"In such a scenario with low growth, Marine Harvest is well positioned as one of the few players that can ramp up its volume in 2016.

"In