Nordea Bank (OTCMKTS:NRDBY) Sets New 1-Year High – Should You Buy?

Nordea Bank AB (OTCMKTS:NRDBY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $17.60 and last traded at $17.59, with a volume of 2083 shares traded. The stock had previously closed at $17.36.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NRDBY shares. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research note on Thursday, October 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a research report on Tuesday, September 2nd. Kepler Capital Markets upgraded shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Nordea Equity Research upgraded shares of Nordea Bank from a “reduce” rating to a “buy” rating in a research note on Thursday, November 6th. Finally, Zacks Research raised shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Nordea Bank currently has a consensus rating of “Buy”.

Nordea Bank Price Performance

The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 6.32. The firm’s fifty day moving average price is $16.54 and its two-hundred day moving average price is $15.37. The stock has a market capitalization of $60.73 billion, a PE ratio of 11.58, a PEG ratio of 3.02 and a beta of 0.66.

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

Nordea Bank 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.