Danske Bank (OTCMKTS:DNKEY) Reaches New 1-Year High - Should You Buy?

Key Points

• Danske Bank has hit a new 52-week high of $21.04 during trading, reflecting a significant positive movement from its previous close of $20.72.
• Wall Street analysts show a favorable outlook, with several firms including Citigroup and Barclays rating the stock as a "buy" or "strong buy".
• In its latest earnings report, Danske Bank surpassed earnings expectations, posting an EPS of $0.50 compared to the consensus estimate of $0.48.

Shares of Danske Bank (OTCMKTS:DNKEY - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $21.04 and last traded at $21.04, with a volume of 1321 shares traded. The stock had previously closed at $20.72.

Analysts Set New Price Targets

A number of equities analysts have commented on DNKEY shares. Citigroup reaffirmed a "buy" rating on shares of Danske Bank in a research report on Wednesday, May 21st. Barclays raised 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 report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy".

Danske Bank Stock Performance

The firm has a market cap of $35.62 billion, a price-to-earnings ratio of 10.51 and a beta of 0.72. The stock has a 50 day moving average of $20.32 and a 200 day moving average of $18.30. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 7.82.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $14.01 billion. Danske Bank had a return on equity of 13.40% and a net margin of 41.49%. As a group, analysts anticipate that Danske Bank will post 1.84 EPS for the current fiscal year.

About Danske Bank

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.