Investment bank sees significant upside in DFDS shares

Morgan Stanley has reviewed DFDS shares and the investment bank points to significant long-term potential.

Photo: DFDS

Morgan Stanley has begun covering the shares of Danish carrier DFDS.

The bank believes that there is significantly more upside potential in the shares, which have increased by more than 20 percent over the past few years, notes DFDS' VP for Investor Relations and Corporate Planning, Søren Brøndbold Nielsen, on social media Linkedin.

Morgan Stanley has set DKK 425 as the price target for the shares, which closed at DKK 372 Monday.

Danish daily Børsen has also noted the investment bank's interest in the shares and reports that the bank's "bull target", the best possible scenario, sits at DKK 620.

"A unique and attractive investment in passenger and freight goods. We expect that DFDS will continue presenting record growth over the market level and GNP growth, and we see DFDS winning market share via consolidation, network influence, further integration between shipping and logistics and a significant change in the market from sea freight as a result of the EU's [CO2, - ed.] emissions targets," writes Morgan Stanley in a commentary according to the Danish newspaper.

International investors currently own more than 30 percent of the shares in the carrier.

English Edit: Lena Rutkowski

DFDS orders vessels and boosts investment expectations

DFDS uses communication to encapsulate crises

DFDS on track to improving last year's record result

Lauritzen Fonden books DKK 50 million profit 

More from ShippingWatch

Oil service firm loses nearly USD 60 million in three months

Norway's PGS still suffers under the Covid-19-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than in Q3 2020, however, when PGS lost more than a quarter billion dollars.

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Further reading

Related articles

Trial banner

Latest news

See all jobs