Nibe Industrier’s Stock Price Declines Following Quarterly Report
Nibe Industrier’s stock price has decreased following the release of its quarterly report. Analysts at Handelsbanken have provided their assessment of the company’s performance.
Recommendations from Handelsbanken Analysts
- Short-term recommendation: Hold
- Long-term recommendation: Market perform
Expectations for Future Growth
Analysts at Handelsbanken expect Nibe Industrier to return to organic growth in the first quarter of 2025.
EU’s Heat Pump Installation Goal
The company’s ability to achieve the EU’s goal of 60 million installed heat pumps by 2030 may be challenging, given the current installation rate.
Revised Sales Estimates and Target Price
- The consensus estimate for Nibe’s sales has been revised downward.
- The average target price for the stock has increased slightly.