Nordea Bank Abp (OTCMKTS:NRDBY) Hits New 12-Month High – Should You Buy?

Nordea Bank Abp (OTCMKTS:NRDBY) hit a new 52-week high on Monday . The stock traded as high as $14.64 and last traded at $14.59, with a volume of 371207 shares. The stock had previously closed at $14.47.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank Abp in a report on Friday, March 7th. Barclays reaffirmed an “overweight” rating on shares of Nordea Bank Abp in a research note on Monday, February 3rd.

Nordea Bank Abp Stock Up 0.8%

The company has a debt-to-equity ratio of 6.03, a quick ratio of 1.29 and a current ratio of 1.27. The company has a market cap of $50.78 billion, a PE ratio of 9.41, a PEG ratio of 0.88 and a beta of 0.72. The firm has a fifty day simple moving average of $13.28 and a 200 day simple moving average of $12.35.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.36 EPS for the quarter. The company had revenue of $3.13 billion during the quarter. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%. Equities research analysts predict that Nordea Bank Abp will post 1.4 EPS for the current year.

Nordea Bank Abp Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.