Danske Bank (OTCMKTS:DNKEY) Shares Gap Down - What's Next?

Key Points

• Shares gapped down — Danske Bank previously closed at $24.90, opened at $23.47 and last traded at $23.54 on light volume (1,073 shares).
• Analysts remain positive, with Morgan Stanley, Barclays and Citigroup reiterating Buy/Overweight calls and a consensus rating of Moderate Buy (four Buys, one Hold).
• Fundamentals showed a recent beat—EPS $0.60 vs. $0.54 est. and revenue $2.41B vs. $2.31B—while the stock trades at a PE of 11.06 and has a market cap of $38.97B.

Shares of Danske Bank (OTCMKTS:DNKEY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $24.90, but opened at $23.47. Danske Bank shares last traded at $23.54, with a volume of 1,073 shares traded.

Analysts Set New Price Targets

DNKEY has been the topic of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Danske Bank in a report on Thursday, February 12th. Barclays restated an "overweight" rating on shares of Danske Bank in a report on Wednesday, December 10th. Finally, Citigroup reiterated a "buy" rating on shares of Danske Bank in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Danske Bank Price Performance

The company has a fifty day moving average of $25.69 and a 200-day moving average of $23.83. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 7.44. The stock has a market cap of $38.97 billion, a PE ratio of 11.06 and a beta of 0.61.

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

About Danske Bank

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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