Danske Bank takes up coverage of Instalco

The Nordic investment bank Danske Bank has started financial analysis and coverage of Instalco and has released its first report. Previously, Instalco was covered by ABG, Carnegie, DNB, Kepler Cheuvreux, Nordea and SEB.

In its first analysis, Danske Bank sets its target price for Instalco's share at SEK 50.

From the analysis:

“Despite only 10 years of history, we think Instalco is leading its big-league peers on growth and profitability. Several drivers have created an opportunity for Instalco to benefit from improving demand, both from regulation-driven sustainability investments and a rebounding construction cycle. We initiate coverage with a Buy recommendation and 12M target price of SEK50.”

Analysts at ABG, Carnegie, DNB, Kepler Cheuvreux, Nordea, SEB and Danske Bank regularly follow and publish financial estimates and comments about Instalco.