Danske Bank (OTCMKTS:DNKEY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Danske Bank has an average analyst recommendation of "Moderate Buy" from six brokers (four buys, two holds), with recent reaffirmations including Barclays and Morgan Stanley at overweight and Citigroup at buy while Jefferies remains hold.
• The bank posted an earnings beat (Q: $0.60 EPS vs. $0.54 expected; revenue $2.41B vs. $2.31B) and trades around $25.72 with a 52‑week range of $15.32–$27.61, market cap ~$42.95B and a P/E of 12.19, with analysts forecasting FY EPS of 1.84.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of research firms have recently weighed in on DNKEY. Barclays reissued an "overweight" rating on shares of Danske Bank in a research report on Thursday. Jefferies Financial Group reissued a "hold" rating on shares of Danske Bank in a research report on Wednesday. Morgan Stanley reissued an "overweight" rating on shares of Danske Bank in a research report on Thursday, February 12th. Finally, Citigroup reissued a "buy" rating on shares of Danske Bank in a research report on Friday, February 20th.

Danske Bank Price Performance

Shares of OTCMKTS:DNKEY opened at $25.72 on Monday. Danske Bank has a 52-week low of $15.32 and a 52-week high of $27.61. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. The company has a market capitalization of $42.95 billion, a price-to-earnings ratio of 12.19 and a beta of 0.61. The company has a 50 day moving average of $25.57 and a two-hundred day moving average of $24.09.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. Danske Bank had a net margin of 40.52% and a return on equity of 13.25%. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.31 billion. As a group, analysts forecast that Danske Bank will post 1.84 earnings per share for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region's largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank's ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.

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