Deutsche Boerse (OTCMKTS:DBOEY) Hits New 52-Week High – Should You Buy?

Shares of Deutsche Boerse AG (OTCMKTS:DBOEY) hit 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 traded. The stock had previously closed at $35.09.

Analysts Set New Price Targets

DBOEY has been the topic of a number of recent research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Deutsche Boerse in a research note 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Deutsche Boerse Stock Performance

The company’s 50-day moving average is $33.31 and its 200 day moving average is $29.77. The company has a market capitalization 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 earnings results on Tuesday, October 20th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Deutsche Boerse had a net margin of 34.07% and a return on equity of 21.00%. On average, 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.