Dnb Asa (OTCMKTS:DNHBY)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $23.16 and last traded at $22.86, with a volume of 27571 shares traded. The stock had previously closed at $22.38.
Several research firms have commented on DNHBY. JPMorgan Chase & Co. downgraded shares of Dnb Asa from an “overweight” rating to a “neutral” rating in a research note on Wednesday. They noted that the move was a valuation call. Morgan Stanley reiterated an “equal weight” rating on shares of Dnb Asa in a research note on Monday, April 26th. Zacks Investment Research upgraded shares of Dnb Asa from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Wednesday, May 26th. Berenberg Bank reiterated a “buy” rating on shares of Dnb Asa in a research note on Tuesday, May 4th. Finally, UBS Group upgraded shares of Dnb Asa to a “sell” rating in a research note on Thursday, June 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.00.
The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $35.88 billion, a P/E ratio of 15.99 and a beta of 1.54. The stock’s 50 day simple moving average is $22.22.
DNB ASA provides various banking products and services for retail and corporate customers in Norway and internationally. The company offers savings and investment products, including saving accounts, investment accounts, home savings products, equities, retirement savings, fixed rate deposits, exchange traded products, bonds and commercial papers, mutual funds, and asset management services; and loans, such as home mortgages, car and consumer loans, trade finance, and export financing, as well as overdraft facilities, bank guarantees, and leasing and factoring services.
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