SpareBank 1 SMN (SRMGF) Receives a Buy from Kepler Capital

In a report released on August 8, Christoffer Adams from Kepler Capital maintained a Buy rating on SpareBank 1 SMN (SRMGFResearch Report), with a price target of NOK144.00. The company’s shares closed last Wednesday at $16.50.

Adams covers the Financial sector, focusing on stocks such as SpareBank 1 Helgeland, SpareBank 1 Nord-Norge, and Sparebanken Vest. According to TipRanks, Adams has an average return of 18.2% and a 67.87% success rate on recommended stocks.

SpareBank 1 SMN has an analyst consensus of Moderate Buy, with a price target consensus of $14.77.

See the top stocks recommended by analysts >>

SRMGF market cap is currently $1.66B and has a P/E ratio of 8.54.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on SRMGF:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed