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

Danske Bank (OTCMKTS:DNKEY) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $27.88 and last traded at $27.8650, with a volume of 1545 shares traded. The stock had previously closed at $26.8450.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays reissued an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Finally, Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Danske Bank Price Performance

The company has a fifty day simple moving average of $26.02 and a 200 day simple moving average of $25.62. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of 12.90 and a beta of 0.61. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81.

Danske Bank (OTCMKTS:DNKEY) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%. Equities research analysts forecast 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.