Nordea and SB1 Markets reiterate Buy on gym chain Sats, with price targets of NOK 53 and 52, respectively.
Both research houses highlight rising revenue per member, improved margins and continued expansion potential. Nordea expects EBITDA excluding IFRS 16 to reach NOK 1.16 billion in 2027, above the company’s target of NOK 1.1 billion.
SB1 points to an attractive cash flow yield of 7–8 percent. Nordea also highlights that the share is trading at a discount of around 20 percent to Nordic peers.
DNB Carngeie raised its price target for Sats from NOK 46 to NOK 48 on Wednesday morning. The Hold recommendation is reiterated.
