Danske Bank (OTCMKTS:DNKEY) Reaches New 12-Month High – Time to Buy?

Shares of Danske Bank (OTCMKTS:DNKEY) hit a new 52-week high on Monday . The stock traded as high as $22.86 and last traded at $22.86, with a volume of 19087 shares. The stock had previously closed at $22.79.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a report on Monday, November 3rd. Zacks Research cut shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a report on Tuesday, September 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Danske Bank in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Danske Bank Trading Up 0.4%

The stock has a market cap of $38.19 billion, a PE ratio of 11.32 and a beta of 0.72. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 7.82. The stock’s fifty day moving average price is $21.29 and its 200 day moving average price is $20.37.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. Danske Bank had a return on equity of 13.34% and a net margin of 40.42%.The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.15 billion. On average, sell-side analysts forecast that Danske Bank will post 1.84 EPS for the current year.

Danske Bank Company Profile

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.