Danske Bank (OTCMKTS:DNKEY) Sets New 52-Week High – Should You Buy?

Danske Bank (OTCMKTS:DNKEY) shares reached 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. The stock had previously closed at $28.02.

Analysts Set New Price Targets

Several brokerages recently issued reports on DNKEY. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Barclays reiterated an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Danske Bank has an average rating of “Moderate Buy”.

Danske Bank Stock Performance

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 company has a market cap of $46.99 billion, a P/E ratio of 13.27 and a beta of 0.61. The business’s 50 day simple moving average is $26.34 and its 200 day simple moving average is $25.77.

Danske Bank (OTCMKTS:DNKEY) last announced 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 firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Sell-side 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.