Nordea reiterates its Buy rating and price target of NOK 200 for the Norwegian logistics and shipping company Wallenius Wilhelmsen after a stable third-quarter report, according to a recent analysis.
The company is expected to reach its full-year target of adjusted EBITDA of approximately USD 1.6 billion. Nordea sees increased support for freight rates from ongoing contract renewals, while limited vessel capacity and strong demand bolster the outlook for 2027–2029.
The price target corresponds to an EV/EBITDA multiple of 6.7 for 2027–2028 and an annual dividend yield of approximately 8 percent.
