Nordea Bank (OTCMKTS:NRDBY) Sets New 52-Week High – Still a Buy?

Nordea Bank AB (OTCMKTS:NRDBY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.39 and last traded at $20.76, with a volume of 12893 shares trading hands. The stock had previously closed at $20.45.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NRDBY shares. Citigroup restated a “buy” rating on shares of Nordea Bank in a report on Friday, July 17th. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Nordea Bank in a research report on Monday, July 20th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Nordea Bank Price Performance

The firm has a market cap of $70.61 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.89 and a beta of 0.63. The company has a fifty day moving average of $19.73 and a 200-day moving average of $19.00. The company has a debt-to-equity ratio of 6.79, a current ratio of 1.18 and a quick ratio of 1.18.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings data on Thursday, July 16th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%. On average, sell-side analysts anticipate that Nordea Bank AB will post 1.78 EPS for the current fiscal year.

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.