Barclays has adjusted its rating for DNB Bank (DNBBY, Financial), moving it from Overweight to Equal Weight. Despite this downgrade, the bank's price target has been increased to NOK 296, a rise from the previous target of NOK 266. This change reflects a more favorable outlook on Danish banks generally, as well as identifying promising opportunities in the Swedish banking sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for DNB Bank ASA (DNBBY, Financial) is $25.31 with a high estimate of $31.49 and a low estimate of $19.14. The average target implies an downside of 6.83% from the current price of $27.17. More detailed estimate data can be found on the DNB Bank ASA (DNBBY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, DNB Bank ASA's (DNBBY, Financial) average brokerage recommendation is currently 1.0, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for DNB Bank ASA (DNBBY, Financial) in one year is $26.46, suggesting a downside of 2.61% from the current price of $27.17. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the DNB Bank ASA (DNBBY) Summary page.
