Deutsche Boerse (OTCMKTS:DBOEY) Hits New 1-Year High – Here’s What Happened

Shares of Deutsche Boerse AG (OTCMKTS:DBOEY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $31.70 and last traded at $31.70, with a volume of 1124 shares changing hands. The stock had previously closed at $30.99.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating on shares of Deutsche Boerse in a report on Friday, May 1st. Oddo Bhf raised Deutsche Boerse to an “outperform” rating in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Deutsche Boerse Price Performance

The firm has a 50-day simple moving average of $28.83 and a two-hundred day simple moving average of $28.25. The company has a market cap of $57.26 billion, a PE ratio of 23.38, a P/E/G ratio of 1.86 and a beta of 0.43.

Deutsche Boerse (OTCMKTS:DBOEY) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Deutsche Boerse had a return on equity of 20.33% and a net margin of 33.04%.The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Equities research analysts forecast that Deutsche Boerse AG will post 1.43 EPS for the current year.

About Deutsche Boerse

Deutsche Börse AG is a Germany?based provider of marketplace infrastructure, trading technology and post?trade services to the global financial industry. The company operates electronic trading platforms and derivatives markets, offers clearing and settlement services, and supplies market data, analytics and index products to investment banks, brokers, asset managers and listed companies.

Key businesses within the group include electronic equity trading via the Xetra trading system, derivatives trading through the Eurex exchange, and post?trade and custody services provided by Clearstream.