Danske Bank (OTCMKTS:DNKEY) Reaches New 52-Week High – Here’s Why

Shares of Danske Bank (OTCMKTS:DNKEYGet Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $29.65 and last traded at $29.65, with a volume of 1986 shares traded. The stock had previously closed at $29.00.

Analyst Ratings Changes

DNKEY has been the topic of a number of analyst reports. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a report on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Danske Bank in a research note on Monday, July 20th. Zacks Research raised shares of Danske Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Citigroup reiterated a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Get Our Latest Research Report on DNKEY

Danske Bank Stock Up 1.1%

The firm has a market cap of $48.07 billion, a price-to-earnings ratio of 13.04 and a beta of 0.62. 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 50 day moving average price of $28.58 and a 200-day moving average price of $26.69.

Danske Bank (OTCMKTS:DNKEYGet Free Report) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.24 billion. On average, equities analysts forecast that Danske Bank will post 2.31 EPS for the current year.

About Danske Bank

(Get Free Report)

Danske Bank A/S is a Danish financial services group that provides banking and related financial products to personal, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment services, cards, investment products, wealth management and corporate finance.

The bank also provides mortgage financing in Denmark through Realkredit Danmark, its mortgage subsidiary. For business and institutional clients, Danske Bank offers transaction banking, cash management, capital markets, investment banking and asset management services.

Founded in 1871 as Den Danske Landmandsbank, the company has developed into one of the largest banks in Denmark, with a broader Nordic focus.

See Also

Receive News & Ratings for Danske Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danske Bank and related companies with MarketBeat.com's FREE daily email newsletter.