Hoist Finance Stock Gets a Fresh Buy Signal

A new report from Kepler Capital says the stock of Hoist Finance AB is worth buying. The analyst, Markus Sandgren, kept his “Buy” recommendation and set a target price of 120 SEK. Last week the share finished at about 142 SEK, so the target is a little lower than today’s price. Sandgren has earned a good reputation. He has a 4‑star rating on TipRanks and his past trades averaged a 10 % return. He focuses mainly on banks and financial firms in Scandinavia. Other analysts are also upbeat, but not as strong.The general consensus is a “Moderate Buy” with the same 120 SEK target. That means most experts think the price could drop by about 16 % from its current level. Hoist Finance’s recent quarterly results are encouraging. For the quarter ending September 30, revenue rose to 1. 47 billion SEK from 1. 32 billion the previous year. Net profit also grew, reaching 262 million SEK compared with 257 million last year. Because of these numbers and the analyst support, many investors see a chance to buy shares at a price that could climb toward the target.