In a report released on February 8, Christoffer Adams from Kepler Capital maintained a Buy rating on SpareBank 1 SMN (SRMGF – Research Report), with a price target of NOK161.00. The company’s shares closed last Monday at $11.50.
Adams covers the Financial sector, focusing on stocks such as SpareBank 1 SMN, Sparebanken Vest, and SpareBank 1 Nord-Norge. According to TipRanks, Adams has an average return of 12.9% and a 62.08% success rate on recommended stocks.
Currently, the analyst consensus on SpareBank 1 SMN is a Moderate Buy with an average price target of $15.07.
SRMGF market cap is currently $1.93B and has a P/E ratio of 8.83.
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SpareBank 1 SMN (SRMGF) Company Description:
SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. A key element of the bank’s is to maintain a variety of office solutions in municipal and administrative centers where the bank’s customers are drawn. The bank is also making a push into digital banking channels via the Internet and mobile banking. The bank’s credit is heavily exposed to the real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries, as well as the public and energy sectors. The bank’s income is split nearly evenly between net interest income and net fees and commission income.
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