DNB Bank ASA (OTCMKTS:DNBBY) Given Average Recommendation of “Hold” by Analysts

DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) has earned a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $215.83.

Separately, Nordea Equity Research raised shares of DNB Bank ASA from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th.

DNB Bank ASA Price Performance

DNB Bank ASA stock opened at $19.52 on Wednesday. DNB Bank ASA has a 52 week low of $15.58 and a 52 week high of $25.18. The company’s 50 day moving average price is $18.80 and its two-hundred day moving average price is $18.42. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.48. The stock has a market cap of $30.26 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.82 and a beta of 1.34.

DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) last posted its earnings results on Thursday, October 20th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.60 billion. DNB Bank ASA had a net margin of 36.11% and a return on equity of 11.69%. On average, equities analysts predict that DNB Bank ASA will post 1.74 earnings per share for the current year.

DNB Bank ASA Company Profile

(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.