Danske Bank A/S (OTCMKTS:DNKEY) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 5,200 shares, a decline of 85.6% from the August 15th total of 36,200 shares. Based on an average daily volume of 28,100 shares, the short-interest ratio is currently 0.2 days.
DNKEY has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised Danske Bank A/S to a “neutral” rating and boosted their price objective for the stock from 118.00 to 120.00 in a report on Wednesday, July 28th. Nordea Equity Research lowered Danske Bank A/S from a “hold” rating to a “sell” rating in a report on Tuesday, August 31st. UBS Group raised Danske Bank A/S to a “buy” rating in a report on Thursday, June 10th. Deutsche Bank Aktiengesellschaft raised Danske Bank A/S to a “hold” rating and boosted their price objective for the stock from 132.00 to 135.00 in a report on Wednesday, July 7th. Finally, Barclays upped their target price on Danske Bank A/S from 125.00 to 134.00 and gave the company an “equal weight” rating in a report on Monday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Danske Bank A/S presently has an average rating of “Hold” and a consensus price target of $129.67.
Shares of OTCMKTS DNKEY traded down $0.15 during midday trading on Thursday, hitting $8.25. 53,386 shares of the company’s stock were exchanged, compared to its average volume of 23,967. Danske Bank A/S has a 12-month low of $6.21 and a 12-month high of $10.02. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 7.81. The company has a market cap of $14.23 billion, a price-to-earnings ratio of 9.82 and a beta of 1.06. The business’s fifty day moving average price is $8.77 and its two-hundred day moving average price is $9.27.
About Danske Bank A/S
Danske Bank A/S engages in the provision of services in the fields of banking, mortgage finance, insurance, pension, real-estate brokerage, asset management and trading in fixed income products, foreign exchange, and equities. It operates through the following segments: Banking DK, Banking Nordic, Corporates & Institutions, Wealth Management, Northern Ireland, Non-Core, and Other Activities.
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