Mowi stock gets Goldman Sachs coverage at NOK 220

Published on 10/05/2026 at 14:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mowi stock was trading at NOK 201.40 on October 5, 2026, while Q2 operating profit reached EUR 231 million after a 23 percent increase. The next report is due November 4, 2026.

Schwarzweiß-Dokumentarfoto von Arbeitern mit Fischernetz auf Boot vor Netzgehegen — Schwarzweiße Reportage-Aufnahme von Fischereiarbeitern zeigt Alltag rund um Mowi ASA, Aktie ISIN NO0003054108, Norwegen, Illustration mit AI erstellt.

Mowi (ISIN NO0003054108) stock was trading at NOK 201.40 on the Oslo Stock Exchange on October 5, 2026, at 2:09 p.m. CEST, unchanged on the session. On October 2, Goldman Sachs initiated coverage with a Neutral rating and a NOK 220 price target, as Business Insider reported.

Goldman Sachs sets NOK 220 target

The new target sits 9.2 percent above Mowi's October 5 price. That gap gives the Goldman Sachs call a clear valuation reference, while the Neutral rating signals that the bank sees the shares as fairly balanced at the current level.

The broader consensus is more constructive. Investing.com lists a Buy consensus from 12 analysts, with an average 12-month price target of NOK 225.16, a high target of NOK 245.70792082 and a low target of NOK 193.66306604. The average target is 11.8 percent above the current Oslo price.

Q2 profit rises despite soft prices

Mowi's latest reported quarter provides the operating anchor for the debate. In the Q2 2026 earnings call on August 18, the company reported EUR 231 million in operational profit, up 23 percent from EUR 189 million in Q2 2025, according to Yahoo Finance.

The same call showed quarterly revenue of EUR 1.60 billion, a record for Mowi, alongside harvest volumes of 150,000 tons. Production costs fell 3.5 percent year over year to EUR 5.20 per kilo, while the company maintained 2026 farming volume guidance of 600,000 tons, representing 7.4 percent growth from the prior year.

The risk is visible in the regional mix. Mowi reported EUR 6 million of operational profit in Chile, where soft prices and U.S. tariffs weighed on earnings, while Mowi Canada generated EUR 20 million. Consumer Products also saw operational profit fall to EUR 29 million from EUR 52 million a year earlier because weaker contracts continued to pressure the division.

Stock remains below yearly high

Mowi's intraday range on October 5 was NOK 199.30 to NOK 202.00, with volume at 263,189 shares. The stock's 52-week range of NOK 179.40 to NOK 245.80 places the current price 18.1 percent below the yearly high and 12.3 percent above the low.

For investors, the next test is the Q3 update, when seasonal salmon pricing, feed costs and biological conditions will show whether the Q2 operating improvement is carrying forward. Mowi's investor-relations calendar lists the next quarterly report for November 4, 2026, on the company's investor-relations page.

Mowi stock trades at NOK 201.40

Mowi stock was trading at NOK 201.40 on the Oslo Stock Exchange on October 5, 2026, at 2:09 p.m. CEST, with market capitalization of NOK 106.2 billion.