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

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NRDBY shares. Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, October 9th. Barclays restated an “underweight” rating on shares of Nordea Bank in a report on Wednesday, December 10th. The Goldman Sachs Group downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research 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. Finally, Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a report on Monday, November 24th. One investment 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 company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Nordea Bank Stock Performance

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.32. The firm has a market capitalization of $65.10 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 3.90 and a beta of 0.62. The business’s 50 day simple moving average is $17.57 and its two-hundred day simple moving average is $16.15.

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 firm 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%. Sell-side analysts anticipate that Nordea Bank AB will post 1.4 EPS 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.