DNB Bank ASA (OTCMKTS:DNBBY) Receives Consensus Rating of “Hold” from Analysts

Shares of DNB Bank ASA (OTCMKTS:DNBBYGet Rating) have received an average rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $213.56.

DNBBY has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, March 21st. JPMorgan Chase & Co. reduced their price objective on shares of DNB Bank ASA from 215.00 to 190.00 and set a “neutral” rating on the stock in a research report on Monday, March 14th. DNB Markets reduced their price objective on shares of DNB Bank ASA from 248.00 to 238.00 and set a “buy” rating on the stock in a research report on Tuesday, April 5th. Morgan Stanley increased their price objective on shares of DNB Bank ASA from 190.00 to 203.00 in a research report on Thursday, January 27th. Finally, Deutsche Bank Aktiengesellschaft raised shares of DNB Bank ASA from a “hold” rating to a “buy” rating and increased their price objective for the stock from 230.00 to 250.00 in a research report on Wednesday, January 19th.

Shares of OTCMKTS DNBBY traded up $0.87 during mid-day trading on Monday, hitting $23.02. 65,900 shares of the company’s stock traded hands, compared to its average volume of 88,304. The company’s 50-day moving average is $22.85 and its two-hundred day moving average is $23.30. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.49 and a quick ratio of 1.81. The company has a market capitalization of $35.69 billion, a P/E ratio of 12.65 and a beta of 1.38. DNB Bank ASA has a 1 year low of $18.78 and a 1 year high of $25.91.

DNB Bank ASA (OTCMKTS:DNBBYGet Rating) last announced its earnings results on Thursday, February 10th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.57 billion. DNB Bank ASA had a net margin of 39.63% and a return on equity of 10.10%. Equities analysts anticipate that DNB Bank ASA will post 1.64 EPS for the current fiscal year.

About DNB Bank ASA (Get Rating)

DNB Bank ASA provides financial services for retail and corporate customers in Norway and internationally. The company offers personal banking products and services, including savings and investment products; loans, such as home mortgages, and car and consumer loans; pet, home and property, travel, and personal insurance products, as well as insurance products for vehicles; retirement savings products; foreign exchange and treasury activities; and Internet and mobile banking services, as well as cards.

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Analyst Recommendations for DNB Bank ASA (OTCMKTS:DNBBY)

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