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

Danske Bank (OTCMKTS:DNKEY) reached a new 52-week high during trading on Monday . The company traded as high as $25.68 and last traded at $25.68, with a volume of 654 shares changing hands. The stock had previously closed at $25.28.

Analysts Set New Price Targets

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

Danske Bank Stock Performance

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 7.16. The stock has a fifty day moving average price of $24.27 and a 200-day moving average price of $22.26. The firm has a market cap of $42.79 billion, a price-to-earnings ratio of 12.68 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. Danske Bank had a net margin of 40.42% and a return on equity of 13.01%. On average, analysts expect 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.