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

Danske Bank (OTCMKTS:DNKEY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.65 and last traded at $28.6250, with a volume of 2285 shares changing hands. The stock had previously closed at $28.02.

Analysts Set New Price Targets

Several research firms have commented on DNKEY. Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th. Citigroup reissued a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Barclays restated an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Danske Bank Price Performance

The company has a 50-day moving average of $26.43 and a 200-day moving average of $25.83. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market cap of $47.06 billion, a price-to-earnings ratio of 13.29 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%. As a group, equities research analysts predict that Danske Bank will post 2.26 earnings per share for the current 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.