Danske Bank (OTCMKTS:DNKEY) Sets New 12-Month High – Here’s Why

Danske Bank (OTCMKTS:DNKEY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $27.88 and last traded at $27.8650, with a volume of 1545 shares. The stock had previously closed at $26.8450.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DNKEY. Barclays restated an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Finally, Citigroup reiterated a “buy” rating on shares of Danske Bank in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Danske Bank presently has a consensus rating of “Moderate Buy”.

Danske Bank Trading Up 2.2%

The company has a market capitalization of $45.69 billion, a price-to-earnings ratio of 12.90 and a beta of 0.61. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 7.44. The business’s 50 day moving average price is $26.02 and its two-hundred day moving average price is $25.62.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. On average, equities analysts predict that Danske Bank will post 2.26 earnings per share for the current fiscal 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.