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

Nordea Bank AB (OTCMKTS:NRDBY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.61 and last traded at $20.6099, with a volume of 193264 shares trading hands. The stock had previously closed at $20.06.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NRDBY shares. Citigroup reissued a “buy” rating on shares of Nordea Bank in a report on Thursday, January 15th. Nordea Equity Research lowered shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Barclays reissued an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a report on Monday, November 24th. Finally, Zacks Research cut shares of Nordea Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nordea Bank Trading Down 2.8%

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 stock has a market cap of $66.82 billion, a PE ratio of 12.80, a PEG ratio of 3.58 and a beta of 0.63. The firm has a fifty day simple moving average of $18.76 and a two-hundred day simple moving average of $16.98.

Nordea Bank (OTCMKTS:NRDBY) last announced its earnings results on Thursday, January 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Nordea Bank had a net margin of 21.42% and a return on equity of 15.38%. As a group, equities analysts expect that Nordea Bank AB will post 1.4 earnings per share 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.