Danske Bank (DNKEY) – What Are Brokerages Saying About This Stock?

Shares of Danske Bank (OTCMKTS:DNKEY) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

DNKEY has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Tuesday, September 1st. The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. Zacks Research downgraded shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Finally, Barclays lowered shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a research note on Friday.

Danske Bank Stock Performance

Shares of DNKEY opened at $26.46 on Monday. Danske Bank has a 12 month low of $21.00 and a 12 month high of $29.65. The stock has a fifty day moving average price of $28.69 and a 200-day moving average price of $27.14. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09. The firm has a market cap of $43.17 billion, a PE ratio of 11.71 and a beta of 0.63.

Danske Bank (OTCMKTS:DNKEY) last announced its earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.24 billion. Equities research analysts predict that Danske Bank will post 2.33 earnings per share for the current fiscal year.

About Danske Bank

Danske Bank A/S is a Denmark-based financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banking institutions in the Nordic region and provides services to personal, business, corporate, institutional and public-sector customers.

The bank offers a broad range of financial products, including deposit and lending services, mortgages, payment solutions, cards, investment and wealth management, corporate finance, cash management and other capital-markets services.