DNB Carnegie raises Danske Bank stock target to DKK 460.00, 28.56 percent above price

Published on 10/17/2026 at 22:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 29, 2026 with a P/E ratio of 12.30. Danske Bank stock costs DKK 357.80 on October 16, 2026, up 1.13 percent versus DKK 353.80.

Analyst targets and earnings date

DNB Carnegie raised its Danske Bank target to DKK 460.00 on October 16, 2026.
Second-quarter revenue reached DKK 15.16 billion versus DKK 14.67 billion forecast.
Danske Bank stock cost DKK 357.80 at 6:59 p.m. CEST on October 16, 2026, up 1.13 percent versus DKK 353.80.
Market capitalization stood at DKK 289.2 billion with a P/E ratio of 12.34.

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DNB Carnegie raised its Danske Bank target from DKK 427.00 to DKK 460.00 on October 16, 2026, putting the target 28.56 percent above the stock's DKK 357.80 closing price. Marketscreener carried the target update dated October 16, 2026. The stock's closing price was DKK 357.80 at 6:59 p.m. CEST on October 16, 2026, up 1.13 percent from DKK 353.80.

Second-quarter revenue beat

Danske Bank's second-quarter 2026 revenue reached DKK 15.16 billion, compared with a DKK 14.67 billion forecast, according to Investing.com. The same report listed earnings per share at DKK 7.60 against DKK 7.32 expected. That comparison gives the target upgrade a concrete operating backdrop, while the earnings figure remains tied to the second quarter rather than the full year.

Price position and range

The October 16 closing price sat within a DKK 354.10 to DKK 357.80 daily range. It was 6.75 percent below the DKK 383.70 52-week high and 32.22 percent above the DKK 270.60 low. The one-year share performance was 30.97 percent, and volume reached 737,966 shares against an average of 792,716.

Valuation and next date

Danske Bank's market capitalization was DKK 289.2 billion, with a P/E ratio of 12.34 and a dividend yield of 8.00 percent on October 16, 2026. The investor-relations calendar lists October 29, 2026 as the release date for third-quarter results, with the company scheduled to hold its conference call in Copenhagen. Danske Bank identifies that date on its investor-relations page.

Comparison with peers

Danske Bank: plus 1.13 percent, P/E 12.34, market capitalization DKK 289.2 billion
Nordea Bank (Copenhagen, DKK): plus 0.72 percent, P/E 11.49, market capitalization DKK 401.7 billion
Skandinaviska Enskilda Banken (Stockholm, SEK): plus 1.01 percent, P/E 13.99, market capitalization SEK 426.4 billion

Stock position after the target update

The target change puts the analyst reference at DKK 460.00, while the next scheduled company date is October 29, 2026. The valuation comparison shows Danske Bank at a lower P/E ratio than Skandinaviska Enskilda Banken and a higher ratio than Nordea Bank.