Danske Bank (OTCMKTS:DNKEY) Reaches New 52-Week High – Time to Buy?

Shares of Danske Bank (OTCMKTS:DNKEY) hit a new 52-week high on Tuesday . The company traded as high as $27.47 and last traded at $27.4350, with a volume of 28622 shares trading hands. The stock had previously closed at $27.09.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a report on Wednesday, December 10th. Citigroup reissued a “buy” rating on shares of Danske Bank in a report on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Danske Bank Stock Performance

The business’s 50-day simple moving average is $25.14 and its two-hundred day simple moving average is $22.75. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 7.16. The firm has a market cap of $44.76 billion, a price-to-earnings ratio of 12.86 and a beta of 0.62.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. Danske Bank had a return on equity of 13.43% and a net margin of 40.52%.The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.31 billion. As a group, sell-side analysts expect that Danske Bank will post 1.84 earnings per share for the current fiscal 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.