Nordea Bank (OTCMKTS:NRDBY) Sets New 1-Year High – Here’s Why

Shares of Nordea Bank AB (OTCMKTS:NRDBY) hit a new 52-week high during trading on Thursday . The stock traded as high as $19.00 and last traded at $18.91, with a volume of 134385 shares trading hands. The stock had previously closed at $18.91.

Wall Street Analyst Weigh In

NRDBY has been the subject of several research analyst reports. Nordea Equity Research cut shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. Barclays reaffirmed an “underweight” rating on shares of Nordea Bank in a report on Wednesday, December 10th. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research note on Monday, November 24th. Kepler Capital Markets upgraded shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Zacks Research downgraded Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Nordea Bank Trading Down 0.4%

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.32. The stock has a market capitalization of $64.86 billion, a P/E ratio of 12.39, a P/E/G ratio of 3.90 and a beta of 0.62. The business has a 50-day moving average price of $17.64 and a two-hundred day moving average price of $16.19.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings results on Thursday, October 16th. The company reported $0.42 EPS for the quarter. Nordea Bank had a net margin of 21.42% and a return on equity of 15.38%. The company had revenue of $3.40 billion for the quarter. On average, analysts expect that Nordea Bank AB will post 1.4 EPS for the current fiscal year.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.