Nordea Bank (OTCMKTS:NRDBY) Reaches New 52-Week High – Here’s What Happened

Nordea Bank AB (OTCMKTS:NRDBY) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $15.03 and last traded at $15.01, with a volume of 8204 shares trading hands. The stock had previously closed at $14.80.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research note on Friday, March 7th. Nordea Equity Research cut shares of Nordea Bank from a “buy” rating to a “reduce” rating in a research report on Wednesday, May 21st. Barclays cut shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 2nd. Kepler Capital Markets cut shares of Nordea Bank from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, May 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research report on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Nordea Bank currently has a consensus rating of “Hold”.

Nordea Bank Stock Performance

The firm has a market cap of $52.05 billion, a P/E ratio of 10.00, a PEG ratio of 4.49 and a beta of 0.69. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 6.80. The company’s 50-day moving average is $14.41 and its two-hundred day moving average is $13.10.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.36 earnings per share for the quarter. Nordea Bank had a net margin of 20.13% and a return on equity of 15.76%. The business had revenue of $3.13 billion for the quarter. As a group, equities analysts predict that Nordea Bank AB will post 1.4 EPS for the current fiscal year.

About Nordea Bank

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.