Danske Bank (OTCMKTS:DNKEY) Sees Large Volume Increase - Time to Buy?

Key Points

• Danske Bank's shares saw a significant increase in trading volume, up 47% to 56,330 shares on Monday, with the stock last trading at $20.20.
• Equities research analysts have given Danske Bank a positive outlook, with a consensus rating of "Buy" and several upgrades, including a shift from "strong sell" to "strong buy" by Barclays.
• The bank reported $0.50 EPS for the last quarter, exceeding expectations, and analysts predict a total of 1.84 EPS for the current fiscal year.

Shares of Danske Bank (OTCMKTS:DNKEY - Get Free Report) saw an uptick in trading volume on Monday . 56,330 shares traded hands during mid-day trading, an increase of 47% from the previous session's volume of 38,221 shares.The stock last traded at $20.20 and had previously closed at $19.84.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays upgraded Danske Bank from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Citigroup restated a "buy" rating on shares of Danske Bank in a research report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Danske Bank in a research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

Danske Bank Trading Up 1.8%

The stock has a market capitalization of $33.74 billion, a PE ratio of 9.95 and a beta of 0.72. The firm has a 50 day moving average price of $20.07 and a 200 day moving average price of $17.94. 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 issued 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 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%. Equities analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.