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Danske Bank (OTCMKTS:DNKEY) Hits New 1-Year High - Here's Why

Danske Bank logo with Finance background

Danske Bank (OTCMKTS:DNKEY - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $20.88 and last traded at $20.88, with a volume of 7163 shares traded. The stock had previously closed at $20.50.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of Danske Bank in a research note on Wednesday, May 21st. Barclays raised shares of Danske Bank from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Danske Bank in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy".

Check Out Our Latest Stock Analysis on Danske Bank

Danske Bank Trading Up 1.8%

The company has a 50 day moving average of $19.52 and a 200-day moving average of $17.18. The stock has a market cap of $34.87 billion, a price-to-earnings ratio of 10.34 and a beta of 0.77. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.79 and a current ratio of 1.79.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $13.86 billion. Danske Bank had a return on equity of 13.52% and a net margin of 42.15%. On average, research analysts anticipate that Danske Bank will post 1.84 earnings per share for the current year.

About Danske Bank

(Get Free Report)

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.

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