DNBHF - Norwegian Finans Holding Looks Well Positioned For Further Price Appreciation
1. Conclusions of the Analysis/Recommendation
Norwegian Finans Holding (Norway: NOFI, US: NWEGF) looks well positioned for further growth and price appreciation. Strong financial performance is expected to continue into the future, while technical analysis indicates that the stock price is resuming its earlier trend after a recent recovery. Valuation based on our forecasts indicates that the intrinsic value stands at NOK 164/share, 72% above the current market price of NOK 95.45/share.
In this link, you can find the excel spreadsheet model of Norwegian Finans Holding used for this article.
2. Company
Norwegian Finans (NOFI)