Deutsche Boerse (OTCMKTS:DBOEY) Hits New 12-Month High – Here’s What Happened

Shares of Deutsche Boerse AG (OTCMKTS:DBOEY) reached a new 52-week high during trading on Thursday. The stock traded as high as $36.61 and last traded at $36.53, with a volume of 3,847 shares trading hands. The stock had previously closed at $35.09.

Analysts Set New Price Targets

Several research firms have recently issued reports on DBOEY. Royal Bank Of Canada restated a “sector perform” rating on shares of Deutsche Boerse in a report on Monday, August 17th. Oddo Bhf lowered Deutsche Boerse from an “outperform” rating to a “neutral” rating in a research report on Monday, October 26th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deutsche Boerse has an average rating of “Hold”.

Deutsche Boerse Stock Up 2.7%

The business has a 50-day simple moving average of $33.31 and a 200-day simple moving average of $29.77. The company has a market cap of $65.61 billion, a PE ratio of 25.93, a P/E/G ratio of 2.16 and a beta of 0.42.

Deutsche Boerse (OTCMKTS:DBOEY) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Deutsche Boerse had a return on equity of 21.00% and a net margin of 34.07%. On average, research analysts forecast 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.