Danske Bank (OTCMKTS:DNKEY) Sets New 52-Week High – Here’s What Happened

Shares of Danske Bank (OTCMKTS:DNKEY) hit a new 52-week high on Friday . The company traded as high as $28.87 and last traded at $28.8550, with a volume of 11185 shares trading hands. The stock had previously closed at $28.74.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DNKEY shares. The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Citigroup restated a “buy” rating on shares of Danske Bank in a research note on Monday, July 6th. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research note on Thursday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Danske Bank Trading Up 0.1%

The company’s fifty day moving average is $27.01 and its two-hundred day moving average is $26.08. The stock has a market cap of $46.94 billion, a price-to-earnings ratio of 12.73 and a beta of 0.61. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 8.09.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.24 billion. On average, research analysts predict that Danske Bank will post 2.26 EPS for the current fiscal year.

Danske Bank Company Profile

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.