Deutsche Boerse (OTCMKTS:DBOEY) Reaches New 52-Week High – What’s Next?

Deutsche Boerse AG (OTCMKTS:DBOEY)’s stock price reached a new 52-week high during trading on Thursday. The stock traded as high as $34.53 and last traded at $34.53, with a volume of 5,907 shares traded. The stock had previously closed at $33.37.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Deutsche Boerse in a research note on Monday, August 17th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Deutsche Boerse presently has an average rating of “Hold”.

Deutsche Boerse Trading Up 1.9%

The company has a market cap of $62.18 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 2.05 and a beta of 0.43. The firm’s fifty day simple moving average is $32.47 and its 200 day simple moving average is $30.37.

Deutsche Boerse (OTCMKTS:DBOEY) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.82 billion. Deutsche Boerse had a net margin of 33.04% and a return on equity of 20.33%. As a group, sell-side analysts expect that Deutsche Boerse AG will post 1.42 EPS for the current year.

About Deutsche Boerse

Deutsche Börse AG is a Germany-based financial market infrastructure provider that operates organized markets and related services for securities, derivatives, commodities and other financial instruments. Through its trading platforms, the company supports the issuance, trading and management of financial products for institutional investors, banks, companies and other market participants.

Its businesses include cash and derivatives trading, clearing, settlement and custody, as well as collateral management, securities financing, market data, analytics and index services.