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

Shares of Nordea Bank AB (OTCMKTS:NRDBY) reached a new 52-week high during trading on Thursday . The stock traded as high as $19.00 and last traded at $18.91, with a volume of 134385 shares changing hands. The stock had previously closed at $18.91.

Analyst Ratings Changes

Several analysts have issued reports on NRDBY shares. Barclays restated an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Nordea Equity Research cut Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, December 4th. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research report on Monday, November 24th. Zacks Research downgraded Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Finally, The Goldman Sachs Group cut shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Nordea Bank Price Performance

The company has a debt-to-equity ratio of 6.32, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $65.10 billion, a PE ratio of 12.44, a PEG ratio of 3.90 and a beta of 0.62. The company has a 50 day moving average price of $17.57 and a 200-day moving average price of $16.15.

Nordea Bank (OTCMKTS:NRDBY) last released its quarterly earnings results on Thursday, October 16th. The company reported $0.42 earnings per share for the quarter. The business 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%. As a group, analysts forecast that Nordea Bank AB will post 1.4 earnings per share for the current fiscal year.

About Nordea Bank

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.