DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) had its price objective hoisted by JPMorgan Chase & Co. from 190.00 to 200.00 in a research note released on Friday, The Fly reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
A number of other equities analysts have also recently issued reports on DNBBY. Zacks Investment Research cut DNB Bank ASA from a hold rating to a sell rating in a report on Thursday, April 28th. Danske upgraded DNB Bank ASA from a hold rating to a buy rating and set a 230.00 price objective on the stock in a report on Wednesday, January 12th. DNB Markets cut their price objective on DNB Bank ASA from 248.00 to 238.00 and set a buy rating on the stock in a report on Tuesday, April 5th. Barclays cut their price objective on DNB Bank ASA from 186.00 to 181.00 and set an underweight rating on the stock in a report on Wednesday, January 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded DNB Bank ASA from a hold rating to a buy rating and lifted their price objective for the company from 230.00 to 250.00 in a report on Wednesday, January 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $197.80.
Shares of DNBBY opened at $18.08 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.81 and a debt-to-equity ratio of 3.17. DNB Bank ASA has a 1 year low of $18.01 and a 1 year high of $25.91. The stock has a market cap of $28.03 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The stock’s 50-day moving average price is $21.79 and its two-hundred day moving average price is $22.90.
The company also recently announced a dividend, which will be paid on Thursday, May 12th. Investors of record on Thursday, April 28th will be given a $0.9024 dividend. This represents a yield of 7.35%. The ex-dividend date is Wednesday, April 27th. DNB Bank ASA’s dividend payout ratio is presently 85.71%.
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.
- Get a free copy of the StockNews.com research report on DNB Bank ASA (DNBBY)
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