DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) is expected to be releasing its results before the market opens on Wednesday, October 21st. Analysts expect the company to post earnings of $0.6590 per share and revenue of $2.21 billion for the quarter.
DNB Bank ASA Price Performance
DNBBY stock opened at $32.39 on Monday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.51. DNB Bank ASA has a fifty-two week low of $25.26 and a fifty-two week high of $34.78. The firm’s 50-day simple moving average is $33.27 and its 200 day simple moving average is $31.74. The stock has a market cap of $50.22 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 9.27 and a beta of 0.70.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Barclays lowered shares of DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a report on Friday, October 9th. The Goldman Sachs Group cut DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, DNB Bank ASA has a consensus rating of “Reduce”.
Get Our Latest Report on DNBBY
About DNB Bank ASA
DNB Bank ASA is a Norway-based financial services company and the principal banking subsidiary of DNB ASA, Norway’s largest financial group. The bank provides a broad range of services to individuals, businesses, institutional clients and public-sector organizations, including deposits, lending, mortgages, payment services, cards and everyday banking through digital and physical channels.
DNB also serves corporate and institutional customers with financing, cash management, trade finance, foreign exchange, investment banking and capital-markets services.
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