Danske Bank (OTCMKTS:DNKEY) Hits New 52-Week High – Here’s Why

Shares of Danske Bank (OTCMKTS:DNKEY) hit a new 52-week high on Tuesday . The company traded as high as $27.47 and last traded at $27.4350, with a volume of 28622 shares. The stock had previously closed at $27.09.

Wall Street Analyst Weigh In

DNKEY has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Friday, January 9th. Citigroup restated a “buy” rating on shares of Danske Bank in a report on Thursday, January 22nd. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Danske Bank has a consensus rating of “Moderate Buy”.

Danske Bank Price Performance

The company has a debt-to-equity ratio of 7.16, a current ratio of 1.76 and a quick ratio of 1.76. The business’s fifty day moving average price is $24.92 and its 200-day moving average price is $22.64. The stock has a market capitalization of $45.82 billion, a price-to-earnings ratio of 13.00 and a beta of 0.62.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Danske Bank had a net margin of 40.52% and a return on equity of 13.43%. On average, research analysts forecast that Danske Bank will post 1.84 EPS 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.