Deutsche Boerse (OTCMKTS:DBOEY) Shares Gap Up on Analyst Upgrade

Deutsche Boerse AG (OTCMKTS:DBOEY)’s share price gapped up before the market opened on Friday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. The stock had previously closed at $25.64, but opened at $26.82. Deutsche Boerse shares last traded at $26.91, with a volume of 1,448,490 shares trading hands.

Several other analysts have also recently issued reports on DBOEY. Cfra Research upgraded shares of Deutsche Boerse to a “hold” rating in a research report on Tuesday, October 28th. Kepler Capital Markets cut Deutsche Boerse from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Deutsche Boerse Trading Up 4.8%

The stock has a 50 day moving average of $25.61 and a 200-day moving average of $28.89. The stock has a market capitalization of $50.60 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 4.16 and a beta of 0.58.

Deutsche Boerse (OTCMKTS:DBOEY) last released its earnings results on Monday, October 27th. The financial services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.46 billion. Deutsche Boerse had a return on equity of 19.52% and a net margin of 31.24%. Research analysts anticipate that Deutsche Boerse AG will post 1.12 EPS for the current year.

About Deutsche Boerse

Deutsche Börse AG operates as an exchange organization in Europe, America, and the Asia-Pacific. The company operates through four segments: Data & Analytics; Trading & Clearing; Fund Services; and Securities Services. It engages in the trading of derivatives, electricity and gas products, emission rights, foreign exchange, and commodity products; operating EEX and 360T over the counter trading platform for financial instruments, such as foreign exchange, money market, and interest rate products; and operating as a central counterparty.