| Company | Recommendation | Current price | Target price | P/E 23e | EV/EBIT 23e | P/B 23e | |||
|---|---|---|---|---|---|---|---|---|---|
| Nordea Bank | Buy | 10.386 EUR | 12.5 EUR | +20% | 2 | 18.07. | 7.36 | 5.58 | 1.19 |
| Telia Company | Reduce | 23.7 SEK | 25 SEK | +5% | 2 | 20.07. | 18.23 | 18.88 | 1.56 |
| Stora Enso | Reduce | 12.15 EUR | 10.5 EUR | -14% | 3 | 23.07. | 44.04 | 122.39 | 0.8 |
| Nibe Industrier | Reduce | 67 SEK | 74.1 SEK | +11% | 2 | 20.09. | 23.39 | 18.75 | 4.17 |
| Endomines Finland | Reduce | 3.98 EUR | 4.4 EUR | +11% | 4 | 17.08. | - | - | 1.24 |
| Tietoevry | Accumulate | 21.02 EUR | 25 EUR | +19% | 2 | 19.09. | 9.45 | 12.07 | 1.47 |
| Sotkamo Silver | Reduce | 0.694 SEK | 0.75 SEK | +8% | 4 | 30.07. | 7.95 | 5.97 | 0.67 |
| Aktia Bank | Accumulate | 9.21 EUR | 10.5 EUR | +14% | 2 | 09.08. | 8 | 6.49 | 1.05 |
| Scanfil | Accumulate | 8.41 EUR | 10 EUR | +19% | 2 | 13.09. | 10.75 | 9.22 | 2.08 |
| Siili Solutions | Buy | 10.2 EUR | 14.5 EUR | +42% | 2 | 16.08. | 15.5 | 10.84 | 1.89 |
| Nokia | Accumulate | 3.653 EUR | 4 EUR | +9% | 2 | 20.07. | 10.22 | 7.45 | 0.91 |
| Starbreeze | Accumulate | 0.77 SEK | 1.15 SEK | +49% | 3 | 12.09. | 2.55 | 1.41 | 1 |
| Alma Media | Accumulate | 9 EUR | 10 EUR | +11% | 2 | 19.07. | 14.29 | 12.53 | 3.32 |
| eQ | Accumulate | 18.02 EUR | 18 EUR | -0% | 2 | 08.08. | 21.58 | 16.24 | 9.7 |
| Aspo | Reduce | 6.02 EUR | 6.5 EUR | +8% | 3 | 10.08. | 27.8 | 18.21 | 1.44 |
| Aspocomp Group | Accumulate | 4.8 EUR | 5.8 EUR | +21% | 3 | 21.07. | 18.53 | 16.81 | 1.48 |
| Atria | Accumulate | 10.56 EUR | 11.5 EUR | +9% | 2 | 11.09. | 9.7 | 10.4 | 0.65 |
| Biohit | Accumulate | 2.05 EUR | 2.4 EUR | +17% | 3 | 10.08. | 19.3 | 12.99 | 3.38 |
| CapMan | Accumulate | 2.405 EUR | 2.7 EUR | +12% | 2 | 03.08. | 24 | 20.41 | 2.96 |
| Cargotec | Accumulate | 39.28 EUR | 54 EUR | +37% | 2 | 21.07. | 7.73 | 6.43 | 1.49 |
| Valoe | Sell | 0.013 EUR | 0.01 EUR | -24% | 4 | 19.09. | - | - | - |
| Componenta | Accumulate | 2.89 EUR | 3.2 EUR | +11% | 3 | 19.09. | 18.2 | 8.44 | 1.09 |
| Digia | Accumulate | 5.46 EUR | 6.6 EUR | +21% | 2 | 10.08. | 11.31 | 11.02 | 1.89 |
| Bittium | Accumulate | 3.755 EUR | 4.2 EUR | +12% | 3 | 18.09. | - | - | 1.19 |
| Elisa | Reduce | 44.97 EUR | 50 EUR | +11% | 1 | 16.07. | 18.85 | 17.14 | 5.61 |
| Etteplan | Reduce | 14.45 EUR | 14 EUR | -3% | 2 | 19.09. | 15.34 | 15.91 | 3.13 |
| Exel Composites | Reduce | 3.44 EUR | 3.5 EUR | +2% | 3 | 21.08. | - | 53.63 | 1.61 |
| WithSecure | Accumulate | 1.006 EUR | 1.4 EUR | +39% | 3 | 16.07. | - | - | 1.55 |
| Finnair | Sell | 0.522 EUR | 0.5 EUR | -4% | 4 | 23.07. | 3.7 | 8.31 | 1.77 |
| Fiskars | Accumulate | 17.52 EUR | 17.5 EUR | -0% | 2 | 20.07. | 17.09 | 14.33 | 1.68 |
| Fortum | Buy | 11.875 EUR | 15 EUR | +26% | 2 | 07.08. | 8.57 | 5.98 | 1.11 |
| Glaston | Reduce | 0.8 EUR | 0.95 EUR | +19% | 3 | 02.08. | 10.56 | 7.84 | 1 |
| Honkarakenne | Accumulate | 3.5 EUR | 4 EUR | +14% | 3 | 31.08. | 62.16 | 19.68 | 1.23 |
| Huhtamäki | Buy | 30.45 EUR | 39 EUR | +28% | 2 | 20.07. | 14.35 | 14.4 | 1.66 |
| Ilkka | Accumulate | 3.21 EUR | 3.5 EUR | +9% | 2 | 16.09. | 13.76 | - | 0.53 |
| Incap | Accumulate | 8.49 EUR | 12 EUR | +41% | 3 | 30.07. | 10.25 | 7.6 | 2.26 |
| Kemira | Reduce | 14.57 EUR | 14.5 EUR | -0% | 2 | 18.07. | 8.07 | 7.39 | 1.22 |
| Kesko | Accumulate | 17.745 EUR | 19 EUR | +7% | 1 | 27.07. | 13.78 | 13.48 | 2.5 |
| Kesla | Accumulate | 4.77 EUR | 5.2 EUR | +9% | 3 | 16.08. | 7.29 | 9.32 | 1.11 |
| Kone | Reduce | 40.2 EUR | 47.5 EUR | +18% | 1 | 21.07. | 20.26 | 16.54 | 7.33 |
| Konecranes | Accumulate | 30.7 EUR | 38 EUR | +24% | 2 | 26.07. | 9.9 | 8.58 | 1.57 |
| Apetit | Accumulate | 12.2 EUR | 14 EUR | +15% | 2 | 17.08. | 13.56 | 7.8 | 0.78 |
| Lassila & Tikanoja | Accumulate | 9.78 EUR | 11 EUR | +12% | 1 | 27.07. | 12.19 | 13.62 | 1.57 |
| Metsä Board | Reduce | 7.525 EUR | 7.25 EUR | -4% | 2 | 27.07. | 22.19 | 19.12 | 1.34 |
| Marimekko | Accumulate | 10.76 EUR | 11 EUR | +2% | 2 | 18.08. | 18.8 | 13.83 | 6.77 |
| Martela | Reduce | 1.495 EUR | 1.5 EUR | +0% | 4 | 14.08. | - | - | 0.78 |
| Neste | Accumulate | 35.42 EUR | 39 EUR | +10% | 2 | 27.07. | 15.06 | 19.38 | 3.25 |
| Nokian Tyres | Buy | 7.642 EUR | 10.5 EUR | +37% | 3 | 23.07. | 17.88 | 16.63 | 0.76 |
| Nurminen Logistics | Buy | 0.864 EUR | 1.4 EUR | +62% | 3 | 04.08. | 7.41 | 6.35 | 2.94 |
| Oriola | Accumulate | 0.924 EUR | 1.05 EUR | +14% | 2 | 29.08. | 18.97 | 8.86 | 0.75 |
| Orion | Accumulate | 36.47 EUR | 40 EUR | +10% | 2 | 02.08. | 26.89 | 19.95 | 5.86 |
| Outokumpu | Accumulate | 3.926 EUR | 5 EUR | +27% | 3 | 03.08. | 7.04 | 5.78 | 0.41 |
| Metso | Accumulate | 10 EUR | 11.5 EUR | +15% | 2 | 21.07. | 12.59 | 9.81 | 3.06 |
| Panostaja | Reduce | 0.55 EUR | 0.58 EUR | +5% | 3 | 04.09. | - | 252.59 | 0.87 |
| PunaMusta Media | Sell | 3.88 EUR | 2.7 EUR | -30% | 4 | 20.08. | - | - | 1.42 |
| Ponsse | Sell | 26.05 EUR | 27.5 EUR | +6% | 2 | 15.08. | 16.25 | 12.55 | 2.1 |
| QPR Software | Reduce | 0.365 EUR | 0.42 EUR | +15% | 3 | 05.09. | - | - | 10.24 |
| Raisio | Accumulate | 2.055 EUR | 2.3 EUR | +12% | 2 | 09.08. | 16.8 | 12.51 | 1.26 |
| Rapala VMC | Reduce | 2.95 EUR | 3.1 EUR | +5% | 3 | 21.07. | - | 46.79 | 0.87 |
| Raute | Buy | 9.04 EUR | 11.5 EUR | +27% | 3 | 27.08. | 14.79 | 9.46 | 1.31 |
| Revenio Group | Accumulate | 20.92 EUR | 26 EUR | +24% | 2 | 11.08. | 28.21 | 22.2 | 5.62 |
| Sampo | Accumulate | 40.9 EUR | 44 EUR | +8% | 1 | 09.08. | 16.92 | 14.34 | 2.16 |
| Sanoma | Accumulate | 6.35 EUR | 7.5 EUR | +18% | 2 | 26.07. | 16.49 | 28.66 | 1.31 |
| KH Group | Accumulate | 0.858 EUR | 1.05 EUR | +22% | 2 | 17.08. | 8.28 | 8.63 | 0.55 |
| Solteq | Reduce | 0.965 EUR | 1.15 EUR | +19% | 3 | 02.09. | - | 9.82 | 0.8 |
| Wetteri | Reduce | 0.576 EUR | 0.55 EUR | -5% | 3 | 27.08. | 13.85 | 23 | 2.61 |
| SRV Group | Reduce | 3.51 EUR | 4 EUR | +14% | 3 | 20.07. | - | 32.37 | 0.42 |
| Investors House | Accumulate | 4.94 EUR | 5.6 EUR | +13% | 2 | 21.08. | 9.63 | 11.41 | 0.94 |
| Stockmann | Accumulate | 2.1 EUR | 2.4 EUR | +14% | 3 | 23.07. | 9.24 | 10.45 | 0.87 |
| Suominen | Sell | 2.76 EUR | 2.6 EUR | -6% | 3 | 18.09. | - | - | 1.21 |
| Tecnotree | Accumulate | 0.434 EUR | 0.54 EUR | +25% | 3 | 07.08. | 10.27 | 5.99 | 0.99 |
| Teleste | Accumulate | 3.29 EUR | 3.9 EUR | +19% | 3 | 11.08. | 17.06 | 33.49 | 1 |
| Tulikivi | Reduce | 0.505 EUR | 0.55 EUR | +9% | 3 | 21.08. | 6.58 | 5.78 | 1.59 |
| UPM-Kymmene | Accumulate | 31.8 EUR | 32 EUR | +1% | 2 | 25.07. | 22.17 | 25.62 | 1.39 |
| Vaisala | Accumulate | 33.65 EUR | 41 EUR | +22% | 1 | 28.07. | 21.87 | 18.12 | 4.48 |
| Wärtsilä | Accumulate | 11.24 EUR | 12.5 EUR | +11% | 2 | 23.07. | 21.94 | 17.39 | 2.97 |
| Innofactor | Accumulate | 1.145 EUR | 1.35 EUR | +18% | 2 | 10.09. | 11.32 | 9.74 | 1.59 |
| Wulff Group | Buy | 3.25 EUR | 4.3 EUR | +32% | 3 | 17.07. | 8.05 | 8 | 1 |
| YIT | Reduce | 2.106 EUR | 2.2 EUR | +4% | 4 | 01.08. | 29.23 | 33.15 | 0.53 |
| Boreo | Accumulate | 32.5 EUR | 40 EUR | +23% | 3 | 10.08. | 17.05 | 15.66 | 2.08 |
| Taaleri | Accumulate | 9.38 EUR | 11 EUR | +17% | 3 | 16.08. | 12.34 | 6.92 | 1.32 |
| Caverion | Reduce | 8.57 EUR | 8.75 EUR | +2% | 3 | 03.08. | 17.08 | 16.64 | 5.39 |
| Ovaro Kiinteistösijoitus | Accumulate | 3.44 EUR | 3.6 EUR | +5% | 3 | 17.08. | 8.75 | 9.84 | 0.62 |
| NoHo Partners | Accumulate | 8.06 EUR | 10 EUR | +24% | 2 | 08.08. | 16.54 | 13.55 | 1.85 |
| Valmet | Accumulate | 21.99 EUR | 29 EUR | +32% | 2 | 26.07. | 9.32 | 8.61 | 1.62 |
| Verkkokauppa.com | Accumulate | 2.6 EUR | 2.9 EUR | +12% | 3 | 20.07. | 17.94 | 15.26 | 3.75 |
| Nexstim | Accumulate | 2.85 EUR | 3.6 EUR | +26% | 3 | 21.08. | - | - | 9.72 |
| United Bankers | Accumulate | 13.9 EUR | 16 EUR | +15% | 3 | 27.08. | 12.23 | 8.59 | 2.95 |
| Piippo | Sell | 2.8 EUR | 2.2 EUR | -21% | 4 | 05.06. | - | - | 0.52 |
| Detection Technology | Accumulate | 12.2 EUR | 16 EUR | +31% | 2 | 04.08. | 30.5 | 21.67 | 2.35 |
| Enento | Accumulate | 20.1 EUR | 24.5 EUR | +22% | 2 | 01.09. | 16.45 | 18.06 | 1.64 |
| Meriaura Group | Sell | 0.051 EUR | 0.04 EUR | -21% | 3 | 28.08. | 1,270.89 | 49.28 | 1.11 |
| Robit | Reduce | 1.48 EUR | 1.6 EUR | +8% | 3 | 02.08. | - | - | 0.66 |
| Pihlajalinna | Reduce | 8.15 EUR | 8.8 EUR | +8% | 3 | 11.08. | 18.25 | 19.36 | 1.19 |
| Talenom | Accumulate | 5.34 EUR | 8 EUR | +50% | 2 | 24.07. | 26.02 | 21.01 | 4.27 |
| Alisa Bank | Reduce | 0.347 EUR | 0.34 EUR | -2% | 3 | 20.08. | 40.52 | - | 1.14 |
| Consti | Buy | 9.9 EUR | 14.2 EUR | +43% | 3 | 23.07. | 9.29 | 6.86 | 1.92 |
| Lehto Group | Sell | 0.11 EUR | 0.02 EUR | -82% | 4 | 12.09. | - | - | 0.28 |
| Tokmanni Group | Accumulate | 13.18 EUR | 14.5 EUR | +10% | 2 | 04.08. | 12.33 | 15.63 | 2.92 |
| Qt Group | Accumulate | 52.1 EUR | 70 EUR | +34% | 2 | 04.08. | 33.12 | 30.89 | 11.12 |
| NYAB | Sell | 0.57 EUR | 0.55 EUR | -4% | 3 | 27.08. | 22.45 | 20.29 | 2.1 |
| Fondia | Accumulate | 7.3 EUR | 8.5 EUR | +16% | 2 | 25.08. | 15.93 | 11.03 | 5.13 |
| Remedy Entertainment | Reduce | 20.35 EUR | 24 EUR | +18% | 3 | 13.09. | - | - | 3.62 |
| Admicom | Buy | 34.55 EUR | 52 EUR | +51% | 2 | 05.07. | 17.52 | 17.46 | 5.77 |
| Vincit | Accumulate | 3.08 EUR | 4.3 EUR | +40% | 3 | 27.07. | 16.94 | 67.88 | 1.33 |
| Kamux | Accumulate | 5.645 EUR | 6.4 EUR | +13% | 3 | 14.08. | 18.87 | 17.41 | 1.99 |
| Titanium | Accumulate | 16.2 EUR | 17 EUR | +5% | 3 | 07.09. | 13.81 | 10.55 | 7.14 |
| Terveystalo | Buy | 7.9 EUR | 9 EUR | +14% | 2 | 18.07. | 16.85 | 20.1 | 1.61 |
| Gofore | Buy | 20.2 EUR | 27.5 EUR | +36% | 2 | 11.09. | 15.55 | 13.98 | 3.43 |
| Efecte | Buy | 8.24 EUR | 11.5 EUR | +40% | 2 | 14.08. | - | - | 16.55 |
| BBS-Bioactive Bone Substitutes | Reduce | 0.494 EUR | 0.6 EUR | +21% | 4 | 14.09. | - | - | 2.08 |
| Harvia | Accumulate | 24.34 EUR | 25.5 EUR | +5% | 2 | 13.09. | 19.86 | 14.76 | 4.21 |
| Anora Group | Buy | 4.525 EUR | 5.5 EUR | +22% | 2 | 07.09. | 26.72 | 10.26 | 0.64 |
| Enersense International | Reduce | 5.2 EUR | 6 EUR | +15% | 3 | 04.08. | - | 17.17 | 1.52 |
| Eezy | Accumulate | 2.11 EUR | 2.6 EUR | +23% | 3 | 08.08. | 12.07 | 11.86 | 0.48 |
| Rush Factory | Reduce | 0.393 EUR | 0.6 EUR | +53% | 4 | 25.08. | 5.83 | 8.32 | - |
| Viafin Service | Accumulate | 11.85 EUR | 14 EUR | +18% | 2 | 08.08. | 14.64 | 6.24 | 1.82 |
| Oma Säästöpankki | Buy | 20.55 EUR | 28.5 EUR | +39% | 2 | 01.08. | 6.1 | 49.7 | 1.28 |
| LeadDesk | Buy | 7.24 EUR | 10 EUR | +38% | 3 | 20.09. | 80.32 | - | 2.54 |
| Aallon Group | Buy | 10.4 EUR | 12.5 EUR | +20% | 2 | 15.08. | 14.22 | 14.15 | 2.73 |
| Relais Group | Accumulate | 11.65 EUR | 15.5 EUR | +33% | 2 | 10.08. | 14.61 | 14.71 | 1.97 |
| Fodelia | Accumulate | 4.37 EUR | 5 EUR | +14% | 3 | 09.08. | 17.24 | 16.74 | 2.51 |
| Optomed | Accumulate | 2.735 EUR | 4 EUR | +46% | 4 | 07.08. | - | - | 2.77 |
| Faron Pharmaceuticals | Accumulate | 3.815 EUR | 4 EUR | +5% | 4 | 30.08. | - | - | - |
| Partnera | Accumulate | 0.628 EUR | 0.85 EUR | +35% | 3 | 24.08. | 5.82 | 10.2 | 0.53 |
| MGI - Media and Games Invest | Buy | 12.56 SEK | 21 SEK | +67% | 3 | 01.09. | 5.88 | 7.71 | 0.5 |
| Kreate Group | Accumulate | 7.12 EUR | 7.9 EUR | +11% | 3 | 19.07. | 12.77 | 12.97 | 1.47 |
| Nightingale Health | Reduce | 1.07 EUR | 1.1 EUR | +3% | 4 | 05.06. | - | 0.42 | 0.71 |
| Sitowise Group | Buy | 3.54 EUR | 5 EUR | +41% | 3 | 04.09. | 11.51 | 11.57 | 1.02 |
| Orthex | Accumulate | 4.9 EUR | 5.4 EUR | +10% | 2 | 25.08. | 22.03 | 13.02 | 2.68 |
| Alexandria Group | Reduce | 6.38 EUR | 6.8 EUR | +7% | 3 | 22.08. | 10.6 | 7.51 | 2.29 |
| Netum Group | Reduce | 3.03 EUR | 3.1 EUR | +2% | 3 | 15.08. | 14.07 | 56.34 | 2.82 |
| Merus Power | Reduce | 5 EUR | 4.5 EUR | -10% | 3 | 25.08. | 223.25 | 111.81 | 2.93 |
| Solwers | Buy | 4.1 EUR | 5 EUR | +22% | 2 | 15.09. | 16.27 | 10.93 | 1.04 |
| Toivo Group | Accumulate | 0.828 EUR | 1.1 EUR | +33% | 3 | 09.08. | 109.87 | 34.31 | 0.65 |
| Puuilo | Accumulate | 8.05 EUR | 8.5 EUR | +6% | 2 | 13.09. | 17.07 | 14.03 | 7.84 |
| Purmo Group | Accumulate | 6.7 EUR | 8.5 EUR | +27% | 3 | 20.07. | 9.36 | 16.72 | 0.64 |
| EcoUp | Reduce | 2.46 EUR | 2.8 EUR | +14% | 3 | 24.08. | - | - | 1.07 |
| Modulight | Reduce | 1.9 EUR | 1.6 EUR | -16% | 3 | 21.08. | - | - | 1.31 |
| Bioretec | Accumulate | 2.64 EUR | 2.9 EUR | +10% | 4 | 11.08. | - | - | 6.26 |
| Fifax | Reduce | 0.23 EUR | 0.23 EUR | 4 | 25.08. | - | - | 0.93 | |
| Loihde | Reduce | 12.7 EUR | 13.5 EUR | +6% | 3 | 31.08. | 75.39 | 143.43 | 0.68 |
| Lemonsoft | Reduce | 5.48 EUR | 7.5 EUR | +37% | 2 | 13.08. | 19.31 | 15.89 | 3.45 |
| Duell | Reduce | 0.74 EUR | 0.8 EUR | +8% | 3 | 20.09. | 16.29 | 50.02 | 0.6 |
| Norrhydro Group | Accumulate | 2.4 EUR | 2.8 EUR | +17% | 3 | 13.08. | 162.56 | 53.06 | 2.78 |
| Digital Workforce | Accumulate | 4.3 EUR | 5 EUR | +16% | 3 | 23.08. | 79.26 | 93.44 | 3.03 |
| Springvest | Accumulate | 4.04 EUR | 4.7 EUR | +16% | 4 | 21.08. | 61.77 | 42.54 | 1.08 |
| Lamor | Accumulate | 3.47 EUR | 4.5 EUR | +30% | 3 | 25.07. | 14.28 | 9.2 | 1.37 |
| Betolar | Reduce | 1.36 EUR | 2.2 EUR | +62% | 4 | 27.08. | - | - | 2.09 |
| Aiforia Technologies | Reduce | 3.92 EUR | 4.5 EUR | +15% | 4 | 28.08. | - | - | 6.08 |
| Kempower | Accumulate | 49.1 EUR | 52 EUR | +6% | 2 | 18.09. | 85.42 | 67.26 | 20.58 |
| Administer | Accumulate | 2.82 EUR | 3.6 EUR | +28% | 2 | 01.09. | 25.92 | - | 1.39 |
| Evli | Accumulate | 18.5 EUR | 21 EUR | +14% | 2 | 19.07. | 15.77 | 10.13 | 3.51 |
| LapWall | Buy | 3.13 EUR | 4 EUR | +28% | 3 | 09.08. | 13.26 | 12.17 | 2.58 |
| Lifa Air | Sell | 0.389 EUR | 0.1 EUR | -74% | 4 | 31.03. | 7.22 | - | 0.66 |
| Witted Megacorp | Buy | 2.61 EUR | 3.3 EUR | +26% | 3 | 23.08. | 373.66 | - | 2.43 |
| Asuntosalkku | Reduce | 80 EUR | 80 EUR | 2 | 29.08. | - | - | 0.58 | |
| F-Secure | Buy | 1.782 EUR | 2.1 EUR | +18% | 2 | 20.09. | 9.79 | 16.71 | 8.94 |
| Koskisen | Accumulate | 6.24 EUR | 7.5 EUR | +20% | 3 | 27.08. | 4.87 | 3.27 | 0.92 |
| Tamtron | Accumulate | 5.08 EUR | 6.2 EUR | +22% | 2 | 30.08. | 11.6 | 16.66 | 1.78 |
| Pohjanmaan Arvo Sijoitusosuuskunta | Buy | 60 EUR | 86 EUR | +43% | 2 | 29.08. | 14.23 | 25.2 | 0.5 |