Danske Bank (DNKEY) – What Are Brokerages Saying About This Stock?

Shares of Danske Bank (OTCMKTS:DNKEY) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday, October 12th. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research note on Wednesday, September 16th. Finally, Barclays downgraded shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th.

Danske Bank Price Performance

Shares of OTCMKTS DNKEY opened at $25.87 on Friday. Danske Bank has a fifty-two week low of $21.91 and a fifty-two week high of $29.65. The stock has a market cap of $42.21 billion, a price-to-earnings ratio of 11.03 and a beta of 0.67. The company has a debt-to-equity ratio of 8.09, a quick ratio of 1.76 and a current ratio of 1.76. The firm’s 50-day simple moving average is $27.79 and its 200 day simple moving average is $26.75.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. Danske Bank had a return on equity of 14.40% and a net margin of 41.60%. As a group, research analysts anticipate that Danske Bank will post 2.28 earnings per share for the current fiscal year.

About Danske Bank

Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.

The company’s services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.

Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.