Shares hold great potential

Currently, all analysts pretty much agree when asked whether Danske Bank shares should be bought, sold or held. No one recommends selling the share. On 6 December 2010, this made the large American bank Bank of America - Merrill Lynch list Danske Bank on its "Most preferred" list of 2011’s most promising European banking shares.

Most recommendations to buy
Thirty-three percent of all analysts keep the stock on hold, while sixty-seven percent recommend a buy. In that light, it seems like Danske Bank shares have survived – and indeed strengthened – in the period following the economic crisis in 2008 and 2009, when forty-one percent of the analysts recommended to sell.

Apparently, Morgan Stanley, the global financial services firm, agrees with the analysts. Since September 2010, it has had Danske Bank shares on its “Best European Ideas” list together with Nokia, FIAT, InterContinental Hotel Group and two other companies from different sectors.

Photo of Elisabeth Toftmann Klintholm

Elisabeth Toftmann Klintholm, Senior Investor Relations Officer, comments on the recommendations: "We are pleased to see that the more than 20 analysts who monitor Danske Bank’s share price all believe that Danske Bank is on the right track and able to generate a profit for the shareholders.

We are also very pleased to see that the turbulent times in Ireland affecting our Irish banking activities do not overshadow the fact that the Danske Bank Group as a whole is doing well. In relation to that, it is important to remember that our activities in Ireland only account for 4% of our total business."

Current share price
The average target price (the forecast share price within three, six or twelve months according to the analysts) is currently 173. During the past three weeks, the average share price of the Danske Bank stock has been almost 147.

Published on December 9, 2010

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