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

Nordea Bank AB (OTCMKTS:NRDBY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $18.42 and last traded at $18.27, with a volume of 186833 shares. The stock had previously closed at $17.99.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NRDBY shares. Zacks Research raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Kepler Capital Markets upgraded Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a research note on Monday, November 24th. Barclays reissued an “underweight” rating on shares of Nordea Bank in a research report on Wednesday. Finally, The Goldman Sachs Group lowered shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nordea Bank presently has an average rating of “Moderate Buy”.

Nordea Bank Stock Down 2.0%

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 stock’s 50 day simple moving average is $17.21 and its 200 day simple moving average is $15.92. The firm has a market cap of $62.55 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 3.53 and a beta of 0.62.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings data on Thursday, October 16th. The company reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $3.40 billion during the quarter. Nordea Bank had a net margin of 21.42% and a return on equity of 15.38%. Research analysts anticipate that Nordea Bank AB will post 1.4 EPS 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.