Nordea reiterates its Hold rating on optical chain Synsam and leaves the price target unchanged at SEK 60 ahead of the Q3 report, according to an analysis.
The bank expects revenue growth of 8 percent and operating profit to increase by 8 percent, despite an unchanged margin. In Sweden, comparable sales are expected to increase by 3 percent, despite the optical market contracting somewhat during the quarter.
Nordea considers the stock to be reasonably valued at 14.2x expected earnings for the next twelve months, against the backdrop of forecast annual EBITA growth averaging 6 percent during 2027-2029.
