Danske Bank (OTCMKTS:DNKEY) Sets New 12-Month High - Here's What Happened

Danske Bank (OTCMKTS:DNKEY - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $20.72 and last traded at $20.72, with a volume of 5378 shares trading hands. The stock had previously closed at $20.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DNKEY shares. Morgan Stanley restated an "overweight" rating on shares of Danske Bank in a research note on Friday, March 7th. Citigroup restated a "buy" rating on shares of Danske Bank in a research note on Wednesday, May 21st. Barclays upgraded Danske Bank from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Danske Bank in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy".

Danske Bank Price Performance

The company has a market cap of $34.59 billion, a P/E ratio of 10.25 and a beta of 0.77. The company has a fifty day simple moving average of $19.40 and a 200-day simple moving average of $17.07. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.79 and a quick ratio of 1.79.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last announced its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Danske Bank had a net margin of 42.15% and a return on equity of 13.52%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $13.86 billion. On average, sell-side analysts predict that Danske Bank will post 1.84 earnings per share 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.