DNB Bank ASA (OTCMKTS: DNBBY) lowered to “hold” at Zacks Investment Research

DNB Bank ASA (OTCMKTS: DNBBY) was downgraded by Zacks Investment Research from a “buy” rating to a “keep” rating in a research report released Friday, Zacks.com reports.

According to Zacks, “DNB ASA is a commercial bank that provides banking products and services to individuals and businesses, primarily in Norway and abroad. The company offers savings and investment products, loans, investment banking advice, financing services, insurance products, foreign exchange, cash management, payments and services. pension as well as cards, consulting and real estate brokerage services. DNB ASA is headquartered in Oslo, Norway. “

A number of other research companies have also recently commented on DNBBY. Deutsche Bank Aktiengesellschaft raised DNB Bank ASA to a “hold” rating in a research note on Monday 11 October. JPMorgan Chase & Co. raised its price target on DNB Bank ASA from 195.00 to 205.00 and assigned the company a “neutral” rating in a Wednesday October 27th research note. SEB Equities upgraded DNB Bank ASA from a “hold” rating to a “buy” rating and set a target price of 224.00 on the share in a research note on Wednesday 8 September. Citigroup raised DNB Bank ASA to a “buy” rating and set a price target of 206.00 on the stock in a research note on Wednesday, September 29. Finally, Credit Suisse Group raised its price target on DNB Bank ASA from 190.00 to 200.00 and assigned the share a “neutral” rating in a research note on Friday 22 October. An equity research analyst rated the stock with a sell rating, five assigned a conservation rating, and two assigned a buy rating to the stock. Based on data from MarketBeat.com, DNB Bank ASA has an average “Hold” rating and an average price target of $ 175.57.

Shares of OTCMKTS: DNBBY traded down $ 0.41 at midday on Friday, reaching $ 22.03. The stock had a trading volume of 48,745 shares, compared to its average volume of 89,891. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.50, and a current ratio of 1. 50. The company has a market cap of $ 34.15 billion, a P / E ratio of 12.52 and a beta of 1.43. DNB Bank ASA has a one-year low at $ 18.78 and a one-year high at $ 25.91. The company has a 50-day moving average of $ 23.92.

DNB Bank ASA (OTCMKTS: DNBBY) last released its quarterly profit data on Thursday, October 21. The company reported earnings per share of $ 0.49 for the quarter, beating the consensus estimate of $ 0.44 by $ 0.05 by Thomson Reuters. DNB Bank ASA recorded a return on equity of 9.84% and a net margin of 38.19%. The company posted revenue of $ 1.64 billion for the quarter, compared to analysts’ expectations of $ 1.59 billion. As a group, equity research analysts predict that DNB Bank ASA will post 1.79 EPS for the current year.

DNB Bank ASA Company Profile

DNB Bank ASA provides financial services to individuals and businesses in Norway. The Company’s personal banking products and services include savings and investment products; loans, such as home loans, auto loans, and consumer loans; car, boat, motor vehicle, household, home, vacation home, travel and life insurance products, as well as pet insurance products for cats and dogs; retirement savings products; currency and cash; and Internet and mobile banking services, as well as cards.

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