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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

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