Barclays lowers DNB Bank ASA (OTCMKTS:DNBBY) price target to 161.00

DNB Bank ASA (OTCMKTS: DNBBY – Get a rating) saw its target price lowered by investment analysts to Barclays from 167.00 to 161.00 in a research note published on Friday, Fly reports. The company currently has an “underweight” rating on the stock.

Several other brokerages also recently commented on DNBBY. UBS Group upgraded shares of DNB Bank ASA from a “sell” rating to a “neutral” rating in a Tuesday, July 5 research note. JPMorgan Chase & Co. raised its price target on DNB Bank ASA shares from 190.00 to 200.00 and gave the company a “neutral” rating in a Friday May 6 research note. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on DNB Bank ASA shares from €247.00 ($252.04) to €241.00 ($245.92) and set a “buy” rating for the company in a Monday, August 1, research note. One equity research analyst gave the stock a sell rating, four gave the stock a hold rating and five gave the stock a buy rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $213.89.

DNB Bank ASA share performance

Shares of OTCMKTS DNBBY were down $0.39 during Friday trading hours, hitting $18.61. 98,803 shares were traded, against an average volume of 127,314. The company has a market capitalization of $28.85 billion, a PE ratio of 10.23, a growth price-earnings ratio of 0.87 and a beta of 1.33. The company’s fifty-day simple moving average is $19.09 and its two-hundred-day simple moving average is $20.35. DNB Bank ASA has a 1-year low of $17.40 and a 1-year high of $25.91.

DNB Bank ASA Company Profile

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DNB Bank ASA provides financial services to individuals and businesses in Norway and internationally. The Company offers personal banking products and services, including savings and investment products; loans, such as home loans and automobile and consumer loans; pet, home and property, travel and personal insurance products, as well as vehicle insurance products; retirement savings products; foreign exchange and treasury activities; and internet and mobile banking, as well as cards.

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Analyst Recommendations for DNB Bank ASA (OTCMKTS: DNBBY)

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