Norwegian Air Shuttle ASA Converts Bonds to Shares, Boosting Capital

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

Norwegian Air Shuttle ASA announced the conversion of a significant portion of its perpetual subordinated convertible bonds into new shares, increasing its share capital. This move reflects the company’s efforts to manage its capital structure and could impact its market positioning by potentially diluting existing shares.

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 operates in the airline industry, providing air transportation services. The company focuses on offering affordable flights to various destinations, primarily in Europe, and is known for its low-cost carrier model.

YTD Price Performance: 18.91%

Average Trading Volume: 8,077,067

Current Market Cap: NOK12.61B

Learn more about 0FGH stock on TipRanks’ Stock Analysis page.