Deutsche Boerse (OTCMKTS:DBOEY) Sees Strong Trading Volume – Time to Buy?

Shares of Deutsche Boerse AG (OTCMKTS:DBOEY) saw an uptick in trading volume on Wednesday . Approximately 436,112 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 342,690 shares.The stock last traded at $27.1265 and had previously closed at $27.15.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DBOEY shares. Oddo Bhf upgraded shares of Deutsche Boerse to an “outperform” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Deutsche Boerse in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Deutsche Boerse Trading Down 0.1%

The firm has a market cap of $48.87 billion, a PE ratio of 20.87, a PEG ratio of 1.77 and a beta of 0.43. The firm has a fifty day simple moving average of $29.06 and a two-hundred day simple moving average of $27.51.

Deutsche Boerse (OTCMKTS:DBOEY) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Deutsche Boerse had a return on equity of 19.99% and a net margin of 32.67%.The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. Equities analysts expect that Deutsche Boerse AG will post 1.42 earnings per share for the current fiscal year.

About Deutsche Boerse

Deutsche Börse AG is a Germany?based provider of marketplace infrastructure, trading technology and post?trade services to the global financial industry. The company operates electronic trading platforms and derivatives markets, offers clearing and settlement services, and supplies market data, analytics and index products to investment banks, brokers, asset managers and listed companies.

Key businesses within the group include electronic equity trading via the Xetra trading system, derivatives trading through the Eurex exchange, and post?trade and custody services provided by Clearstream.