Danske Bank (OTCMKTS:DNKEY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Danske Bank (OTCMKTS:DNKEYGet Free Report) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

DNKEY has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Jefferies Financial Group reissued a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Citigroup restated a “buy” rating on shares of Danske Bank in a research note on Monday, July 6th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Finally, Barclays reiterated an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th.

View Our Latest Research Report on DNKEY

Danske Bank Price Performance

Shares of DNKEY opened at $27.20 on Wednesday. Danske Bank has a 52 week low of $19.72 and a 52 week high of $28.85. The firm has a market cap of $44.38 billion, a P/E ratio of 12.04 and a beta of 0.61. The firm’s 50-day simple moving average is $26.77 and its 200 day simple moving average is $25.96. The company has a debt-to-equity ratio of 7.90, a quick ratio of 1.73 and a current ratio of 1.73.

Danske Bank (OTCMKTS:DNKEYGet Free Report) last released its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate 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 net margin of 40.85% and a return on equity of 13.66%. On average, analysts forecast that Danske Bank will post 2.26 earnings per share for the current year.

About Danske Bank

(Get Free Report)

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.

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Analyst Recommendations for Danske Bank (OTCMKTS:DNKEY)

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