SalMar stock reacts to Norne downgrade after Wilsgard acquisition

SalMar stock holds near its recent levels in Oslo after the Wilsgard acquisition, while Norne Securities cuts its rating to Hold and sets a 630 NOK price target, adding a new layer for investors to weigh.

SalMar (ISIN NO0010310956) stock was quoted at about 561.00 NOK in real-time trading on Oslo Bors on September 3, 2026, only slightly below its latest closing price of 562.00 NOK according to market data compiled by MarketScreener.

Norne cuts rating, trims upside

According to a report relayed by MarketScreener on September 3, 2026, Norne Securities has downgraded SalMar from Buy to Hold and set a price target of 630 NOK.

The same MarketScreener data shows SalMar’s latest closing price at 562.00 NOK and a year-to-date performance of about minus 8.99 percent, illustrating that the new 630 NOK target implies roughly 12.1 percent potential upside from the recent close.

Share performance on Oslo Bors

Intraday on September 3, 2026, SalMar shares traded around 561.00 NOK, down about 0.18 percent versus the previous close, with the five-day change at roughly minus 1.66 percent based on the MarketScreener quote overview.

The same overview indicates that, since January 1, 2026, SalMar stock has lost close to 8.99 percent, putting the shares in negative territory for the year even after the company’s latest strategic moves.

Wilsgard acquisition adds capacity

On September 2, 2026, SalMar announced that its subsidiary SalMar Farming AS will acquire Norwegian salmon farmer Wilsgard AS through a triangular merger, valuing Wilsgard at about 1.8 billion NOK (around 168.3 million USD) as reported by SeafoodNews.

The transaction structure foresees SalMar Farming as the acquiring company and SalMar ASA as the issuer of consideration shares, which means existing Wilsgard owners will receive SalMar shares, increasing SalMar’s share count but also expanding its farming footprint in Norway.

Core business: Norwegian salmon

SalMar is one of Norway’s leading salmon farming groups, with operations focused on producing Atlantic salmon for global markets, including Europe and Asia.

Through acquisitions such as Wilsgard and continued investment in offshore and coastal farming, SalMar aims to lift its harvested volumes over time, which is central to its revenue development and cost efficiency in a competitive aquaculture sector.

Stock level and investor view

With SalMar stock trading around 561.00 NOK as of September 3, 2026, compared with Norne’s 630 NOK target, the shares are currently priced below that analytical assessment while still reflecting the impact of weaker year-to-date performance.

SalMar stock at a glance

• Company: SalMar ASA
• ISIN: NO0010310956
• Ticker: SALM
• Trading venue: Oslo Bors
• Price (as of September 3, 2026, 15:24): 561.00 NOK
• Market capitalization: [value] NOK (as of September 3, 2026)
• Sector / Industry: Consumer Staples / Food, Beverage and Tobacco
• Index membership: [index]