J.P. Morgan Sticks to Its Hold Rating for Danske Bank (0NVC)
In a report released today, Sofie Peterzens from J.P. Morgan maintained a Hold rating on Danske Bank, with a price target of DKK260.00. The company’s shares closed last Friday at DKK254.74.
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Peterzens covers the Financial sector, focusing on stocks such as Banco Santander, Danske Bank, and Svenska Handelsbanken AB. According to TipRanks, Peterzens has an average return of -5.7% and a 33.96% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Danske Bank with a DKK274.70 average price target.
Based on Danske Bank’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of DKK13.93 billion and a net profit of DKK5.76 billion. In comparison, last year the company earned a revenue of DKK49.82 billion and had a net profit of DKK5.63 billion
Read More on GB:0NVC:
Disclaimer & DisclosureReport an Issue
- Danske Bank’s Strong Q2 Performance and Attractive Valuation Justify Buy Rating
- 0NVC Earnings this Week: How Will it Perform?
- Danske Bank price target lowered to DKK 297 from DKK 300 at Morgan Stanley
- Danske Bank upgraded to Overweight from Underweight at Barclays
- Danske Bank price target raised to DKK 291 from DKK 285 at Citi
