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

Shares of Danske Bank (OTCMKTS:DNKEY) hit a new 52-week high during trading on Thursday . The stock traded as high as $25.50 and last traded at $25.10, with a volume of 30930 shares trading hands. The stock had previously closed at $24.94.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DNKEY shares. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Barclays reissued an “overweight” rating on shares of Danske Bank in a report on Wednesday, December 10th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Danske Bank Trading Up 0.6%

The stock has a 50-day moving average price of $22.91 and a two-hundred day moving average price of $21.44. The stock has a market capitalization of $41.92 billion, a PE ratio of 12.43 and a beta of 0.61. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.76 and a current ratio of 1.76.

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