Danske Bank (OTCMKTS:DNKEY) Hits New 1-Year High – Here’s Why

Shares of Danske Bank (OTCMKTS:DNKEY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $28.87 and last traded at $28.8550, with a volume of 11185 shares trading hands. The stock had previously closed at $28.74.

Wall Street Analyst Weigh In

DNKEY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research report on Thursday. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Finally, Citigroup restated a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Danske Bank Stock Performance

The business’s fifty day moving average is $26.96 and its 200-day moving average is $26.06. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 8.09. The company has a market cap of $47.02 billion, a PE ratio of 12.75 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $2.32 billion for 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%. As a group, research analysts predict that Danske Bank will post 2.26 EPS 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.