Danske Bank’s brutal stock selloff may have gone much too far
Danske Bank may be undervalued, according to analysts covering the stock.
BY CHRISTIAN WIENBERG, BLOOMBERG NEWS
A punishing selloff triggered by a money laundering scandal may have left Danske Bank badly undervalued, according to analysts covering the stock.
That means that shares in Denmark’s biggest financial group could be poised to soar more than 50 percent in the coming year, according to the average estimate of 24 analysts tracked by Bloomberg.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
