Danske Bank (OTCMKTS:DNKEY) Hits New 1-Year High – What’s Next?

Danske Bank (OTCMKTS:DNKEY) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.47 and last traded at $27.4350, with a volume of 28622 shares. The stock had previously closed at $27.09.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DNKEY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Barclays reiterated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, December 10th. Citigroup restated a “buy” rating on shares of Danske Bank in a research note on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Danske Bank has an average rating of “Moderate Buy”.

Danske Bank Trading Up 1.3%

The company has a debt-to-equity ratio of 7.16, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a fifty day simple moving average of $24.92 and a two-hundred day simple moving average of $22.64. The firm has a market capitalization of $45.82 billion, a P/E ratio of 13.00 and a beta of 0.62.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Danske Bank had a return on equity of 13.43% and a net margin of 40.52%. On average, equities research analysts anticipate that Danske Bank will post 1.84 earnings per share for the current fiscal year.

About Danske Bank

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.