DANSKE BANK (OTCMKTS:DNKEY) Reaches New 1-Year High - Still a 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.

DANSKE BANK (OTCMKTS:DNKEY - Get Free Report)'s stock price reached a new 52-week high during mid-day 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DNKEY shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of DANSKE BANK in a research report on Tuesday, May 13th. Citigroup reaffirmed a "buy" rating on shares of DANSKE BANK in a report on Wednesday, May 21st. Finally, Barclays raised DANSKE BANK from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. One 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.com, DANSKE BANK currently has a consensus rating of "Buy".

DANSKE BANK Stock Performance

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

DANSKE BANK (OTCMKTS:DNKEY - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $2.17 billion for 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%. On average, equities 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 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.