Danske Bank (OTCMKTS:DNKEY) Sets New 52-Week High – Should You Buy?

Shares of Danske Bank (OTCMKTS:DNKEY) reached a new 52-week high on Tuesday . The stock traded as high as $28.65 and last traded at $28.6250, with a volume of 2285 shares. The stock had previously closed at $28.02.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DNKEY shares. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Barclays reiterated an “overweight” rating on shares of Danske Bank in a report on Thursday, April 9th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Danske Bank Stock Up 2.8%

The firm has a market capitalization of $46.99 billion, a PE ratio of 13.27 and a beta of 0.61. The company has a fifty day moving average price of $26.34 and a 200-day moving average price of $25.77. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81.

Danske Bank (OTCMKTS:DNKEY) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%.The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. As a group, analysts expect that Danske Bank will post 2.26 earnings per share for the current 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.