Danske Bank (OTCMKTS:DNKEY) Sets New 52-Week High – Should You Buy?

Danske Bank (OTCMKTS:DNKEY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $25.68 and last traded at $25.68, with a volume of 654 shares. The stock had previously closed at $25.28.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Thursday. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Danske Bank Price Performance

The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $42.80 billion, a price-to-earnings ratio of 12.69 and a beta of 0.61. The business has a fifty day moving average price of $24.13 and a 200 day moving average price of $22.18.

Danske Bank (OTCMKTS:DNKEY) last released its earnings results on Friday, October 31st. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Danske Bank had a return on equity of 13.01% and a net margin of 40.42%. As a group, research analysts anticipate that Danske Bank will post 1.84 earnings per share for the current year.

About Danske Bank

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.