DNB Markets Lowers SalMar ASA (OTCMKTS:SALRF) to Hold

DNB Markets lowered shares of SalMar ASA (OTCMKTS:SALRF – Get Rating) from a buy rating to a hold rating in a report issued on Thursday morning, The Fly reports.

Several other brokerages have also recently issued reports on SALRF. Nordea Equity Research cut shares of SalMar ASA from a buy rating to a hold rating in a research note on Friday, May 12th. Pareto Securities lowered shares of SalMar ASA from a buy rating to a hold rating in a research note on Thursday, February 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, SalMar ASA presently has a consensus rating of Hold and an average price target of $349.50.

SalMar ASA Stock Performance

Shares of SALRF opened at $41.52 on Thursday. SalMar ASA has a fifty-two week low of $28.60 and a fifty-two week high of $74.19. The stock has a fifty day moving average of $40.67 and a two-hundred day moving average of $39.06.

About SalMar ASA

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SalMar ASA engages in processing and trading of all types of fish and shellfish and other related financial activities. It operates through the following segments: Fish Farming Central Norway, Fish Farming Northern Norway, Sales and Industry, and Icelandic Salmon. The Fish Farming Central Norway segment controls 68 marine-phase production licenses, and operates several research and development licenses in collaboration with other companies.