Danske's Brutal Stock Selloff May Have Gone Much Too Far
- Analysts covering Danske now see a 50% upside for the shares
- A growing money laundering scandal has engulfed Danske Bank
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A punishing selloff triggered by a money laundering scandal may have left Danske Bank A/S 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. The gap between where analysts expect Danske to be trading in 12 months and the lender’s current price is now the biggest among banks in the Stoxx Europe 600.