Deutsche Boerse (OTCMKTS:DBOEY) Hits New 52-Week High – Here’s What Happened

Deutsche Boerse AG (OTCMKTS:DBOEY)’s share price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $34.99 and last traded at $34.99, with a volume of 1,904 shares traded. The stock had previously closed at $34.53.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Deutsche Boerse in a research note on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Deutsche Boerse Stock Performance

The company has a 50-day moving average of $32.77 and a 200-day moving average of $30.57. The firm has a market capitalization of $63.57 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 2.12 and a beta of 0.43.

Deutsche Boerse (OTCMKTS:DBOEY) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.79 billion. Deutsche Boerse had a net margin of 34.07% and a return on equity of 21.00%. As a group, analysts anticipate that Deutsche Boerse AG will post 1.42 EPS for the current fiscal year.

About Deutsche Boerse

Deutsche Börse AG is a Germany-based financial market infrastructure provider that operates trading venues, clearing systems, settlement platforms, and other services supporting global capital markets. The company serves exchanges, banks, investment firms, asset managers, corporations, and other financial institutions.

Its businesses include the Frankfurt Stock Exchange and Xetra trading platforms for equities and other securities, Eurex for derivatives, and Clearstream for securities settlement, custody, and related post-trade services.