Nordea Bank (OTCMKTS:NRDBY) Hits New 1-Year High – Still a Buy?

Nordea Bank AB (OTCMKTS:NRDBY)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $18.65 and last traded at $18.58, with a volume of 27306 shares traded. The stock had previously closed at $18.3760.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NRDBY shares. Barclays reissued an “underweight” rating on shares of Nordea Bank in a research note on Wednesday, December 10th. Nordea Equity Research lowered shares of Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, December 4th. Kepler Capital Markets raised shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. The Goldman Sachs Group lowered Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. Finally, Zacks Research cut Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Nordea Bank presently has a consensus rating of “Hold”.

Nordea Bank Stock Performance

The firm has a 50 day moving average of $17.42 and a two-hundred day moving average of $16.06. The stock has a market cap of $63.81 billion, a PE ratio of 12.19, a PEG ratio of 3.82 and a beta of 0.62. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.23 and a quick ratio of 1.23.

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