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

Nordea Bank AB (OTCMKTS:NRDBY)’s stock price hit a new 52-week high on Thursday . The company traded as high as $19.79 and last traded at $19.79, with a volume of 985 shares changing hands. The stock had previously closed at $19.25.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NRDBY shares. The Goldman Sachs Group downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a report on Monday, November 24th. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Thursday, January 15th. Barclays restated an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Finally, Kepler Capital Markets upgraded Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Nordea Bank Stock Down 1.2%

The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $67.72 billion, a P/E ratio of 12.97, a P/E/G ratio of 3.95 and a beta of 0.63. The stock has a 50 day moving average price of $18.51 and a 200 day moving average price of $16.84.

Nordea Bank Company Profile

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.