Danske Bank (OTCMKTS:DNKEY) Hits New 1-Year High – Still a Buy?

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

Wall Street Analyst Weigh In

DNKEY has been the subject of several analyst reports. Citigroup restated a “buy” rating on shares of Danske Bank in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a report on Monday, November 3rd. Barclays restated an “overweight” rating on shares of Danske Bank in a research 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Danske Bank Stock Up 0.6%

The company has a debt-to-equity ratio of 7.16, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $41.92 billion, a P/E ratio of 12.43 and a beta of 0.61. The company has a 50 day moving average of $22.91 and a 200-day moving average of $21.44.

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