ShippingWatch

Nordea: DFDS profits gearing up

DFDS is well-positioned to benefit from increased activity in Europe, which will improve the carrier's profits in the coming years, says Nordea Markets.

Nordea Markets downgraded the bank's recommendation of the D/S Norden share to "sell" Tuesday following the recent increase of the share's price, though the bank sees a great potential in DFDS.

"We see much more value in shipping company DFDS, which is in a strong position to benefit from the increasing activity in Europe. This will boost the company's profits in the coming years. When the pricing is also at an attractive level, we see this as a very interesting investment opportunity, where the price far from matches the possible profitability of the share," writes Nordea Markets on Tuesday.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs