DANSKE BANK (OTCMKTS:DNKEY) Reaches New 12-Month High - Still a Buy?

Key Points

• DANSKE BANK's shares reached a new 52-week high of $21.93, closing at $21.74 with a trading volume of 910,018 shares.
• The stock has received a consensus rating of Buy from analysts, with varying ratings including two "Strong Buy" and three "Buy" ratings.
• In its recent quarterly earnings, DANSKE BANK reported $0.50 earnings per share, exceeding expectations and achieving a net margin of 41.49%.

Shares of DANSKE BANK (OTCMKTS:DNKEY - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $21.93 and last traded at $21.74, with a volume of 910018 shares changing hands. The stock had previously closed at $21.20.

Analyst Upgrades and Downgrades

DNKEY has been the topic of several recent research reports. Morgan Stanley reissued an "overweight" rating on shares of DANSKE BANK in a research note on Tuesday, September 2nd. Zacks Research cut shares of DANSKE BANK from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Barclays raised shares of DANSKE BANK from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, DANSKE BANK presently has a consensus rating of "Buy".

DANSKE BANK Stock Performance

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 7.82. The firm has a market capitalization of $36.31 billion, a price-to-earnings ratio of 10.71 and a beta of 0.77. The stock's 50 day moving average price is $20.67 and its two-hundred day moving average price is $19.17.

DANSKE BANK (OTCMKTS:DNKEY - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. DANSKE BANK had a net margin of 41.49% and a return on equity of 13.40%. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $14.01 billion. On average, analysts forecast that DANSKE BANK will post 1.84 EPS for the current 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.

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