Danske Bank (OTCMKTS:DNKEY) Sees Strong Trading Volume – Still a Buy?

Shares of Danske Bank (OTCMKTS:DNKEY) saw unusually-strong trading volume on Monday . 127,444 shares were traded during trading, an increase of 121% from the previous session’s volume of 57,765 shares.The stock last traded at $29.10 and had previously closed at $29.0150.

Analysts Set New Price Targets

DNKEY has been the subject of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th. Zacks Research raised Danske Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Citigroup reissued a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Danske Bank Stock Up 0.2%

The company has a market cap of $47.42 billion, a PE ratio of 12.86 and a beta of 0.61. The stock has a 50-day moving average of $27.62 and a 200-day moving average of $26.36. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 8.09.

Danske Bank (OTCMKTS:DNKEY) last posted its earnings results on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%. Sell-side analysts predict that Danske Bank will post 2.29 earnings per share 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.