Kepler Capital Sticks to Its Buy Rating for Magnora ASA (SVMRF)
In a report released on April 25, Oscar Rønnov from Kepler Capital maintained a Buy rating on Magnora ASA (SVMRF – Research Report), with a price target of NOK32.00. The company's shares closed last Friday at $2.09.
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According to TipRanks, Rønnov is ranked #4047 out of 9371 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magnora ASA with a $3.06 average price target.
Based on Magnora ASA's latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $19.7 million. In comparison, last year the company earned a revenue of $1.9 million and had a GAAP net loss of $12.1 million
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