Norwegian Air Shuttle ASA Converts Bonds to Shares, Boosting Capital

Norwegian Air Shuttle ASA ( (GB:0FGH) ) just unveiled an announcement.

Norwegian Air Shuttle ASA has announced the conversion of a significant portion of its perpetual subordinated convertible bond loan into new shares, resulting in an increase in the company’s share capital. This move reflects the company’s strategic financial management and has implications for its capital structure, potentially affecting shareholder value and market positioning.

The most recent analyst rating on (GB:0FGH) stock is a Buy with a NOK14.00 price target. To see the full list of analyst forecasts on Norwegian Air Shuttle ASA stock, see the GB:0FGH Stock Forecast page.

More about Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA is an airline company operating in the aviation industry, primarily offering passenger air transportation services. The company focuses on providing affordable flights across various destinations, enhancing connectivity and travel options for its customers.

YTD Price Performance: 18.91%

Average Trading Volume: 8,077,067

Current Market Cap: NOK12.61B

For a thorough assessment of 0FGH stock, go to TipRanks’ Stock Analysis page.