Danske upgraded shares of DNB Bank ASA (OTCMKTS:DNBBY) from a hold rating to a buy rating in a report released on Wednesday, The Fly reports. The brokerage currently has 230.00 price objective on the stock.
Other research analysts have also recently issued research reports about the stock. Citigroup raised shares of DNB Bank ASA to a buy rating and set a 206.00 target price for the company in a report on Wednesday, September 29th. JPMorgan Chase & Co. raised their price objective on shares of DNB Bank ASA from 195.00 to 205.00 and gave the company a neutral rating in a report on Wednesday, October 27th. Barclays upgraded shares of DNB Bank ASA to an underweight rating and raised their price objective for the company from 179.00 to 186.00 in a report on Monday, December 6th. Credit Suisse Group raised their price objective on shares of DNB Bank ASA from 190.00 to 200.00 and gave the company a neutral rating in a report on Friday, October 22nd. Finally, Zacks Investment Research upgraded shares of DNB Bank ASA from a sell rating to a hold rating in a report on Wednesday, January 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $183.13.
DNBBY opened at $24.70 on Wednesday. DNB Bank ASA has a twelve month low of $18.78 and a twelve month high of $25.91. The business’s 50-day moving average price is $23.15. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $38.29 billion, a PE ratio of 14.03 and a beta of 1.44.
The company also recently announced a dividend, which was paid on Monday, November 15th. Shareholders of record on Monday, November 1st were given a dividend of $2.0629 per share. This represents a yield of 8.05%. The ex-dividend date was Friday, October 29th. DNB Bank ASA’s dividend payout ratio is presently 89.77%.
About DNB Bank ASA
DNB Bank ASA provides financial services for retail and corporate customers in Norway. The company's personal banking products and services include savings and investment products; loans, such as home mortgages, and car and consumer loans; car, boat, motor vehicle, household contents, home, holiday home, travel, and life insurance products, as well as pet insurance products for cats and dogs; retirement savings products; foreign exchange and treasury; and Internet and mobile banking services, as well as cards.
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