Kepler Capital Reaffirms Their Buy Rating on Sparebanken Vest (SPIZF)

By Carrie Williams

Kepler Capital analyst Christoffer Adams maintained a Buy rating on Sparebanken Vest (SPIZFResearch Report) on September 25 and set a price target of NOK77.00. The company’s shares closed last Tuesday at $5.91.

According to TipRanks.com, Adams has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.8% and a 41.3% success rate. Adams covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Banca Mediolanum SpA, and Erste Group Bank AG.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sparebanken Vest with a $8.05 average price target.

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Sparebanken Vest’s market cap is currently $634.1M and has a P/E ratio of 8.10. The company has a Price to Book ratio of 0.40.

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Sparebanken Vest AS is a financial services company providing banking and financial services to private and corporate sectors. The bank through its subsidiaries is involved in the business of estate agency and home mortgages. Its services include offering bank accounts, debit and credit cards, and online banking facilities. The company operates through its Corporate Market, Retail Market and Treasury and Estate Agency Activities segments. Its operations are spread across Norway, in Hordaland, Rogaland, Sogn and Fjordane counties.