Danske Bank (OTCMKTS:DNKEY) Sets New 1-Year High – Time to Buy?

Danske Bank (OTCMKTS:DNKEY)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $29.48 and last traded at $29.15, with a volume of 2122 shares trading hands. The stock had previously closed at $28.72.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DNKEY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research report on Thursday, July 30th. Zacks Research raised shares of Danske Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Danske Bank in a research note on Monday, July 20th. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research report on Tuesday. Finally, Citigroup reissued a “buy” rating on shares of Danske Bank in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Danske Bank Stock Performance

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 8.09. The firm has a 50-day moving average price of $28.28 and a 200 day moving average price of $26.58. The firm has a market capitalization of $47.59 billion, a PE ratio of 12.91 and a beta of 0.62.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%.The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.24 billion. Research analysts expect that Danske Bank will post 2.31 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.