Danske Bank (OTCMKTS:DNKEY) Sets New 12-Month High – Time to Buy?

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

Analyst Upgrades and Downgrades

DNKEY has been the subject of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday. Finally, Barclays reiterated an “overweight” rating on shares of Danske Bank in a report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Danske Bank Stock Performance

The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 7.44. The firm’s fifty day moving average price is $26.14 and its 200-day moving average price is $25.68. The firm has a market cap of $45.72 billion, a price-to-earnings ratio of 12.91 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. Analysts expect that Danske Bank will post 2.26 earnings per share for the current 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.