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

Key Points

• Nordea Bank's share price reached a new 52-week high of $16.15, indicating a positive trend in its stock performance.
• Analysts have varying ratings for Nordea Bank, with a consensus rating of "Hold" and some downgrades from past "buy" ratings.
• The bank reported a quarterly EPS of $0.40 and revenue of $3.30 billion, reflecting a strong net margin of 20.63% and return on equity of 15.50%.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as $16.15 and last traded at $16.13, with a volume of 97343 shares. The stock had previously closed at $16.09.

Analysts Set New Price Targets

Several brokerages recently weighed in on NRDBY. Nordea Equity Research cut shares of Nordea Bank from a "buy" rating to a "reduce" rating in a research note on Wednesday, May 21st. Barclays cut shares of Nordea Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 21st. Morgan Stanley reissued an "overweight" rating on shares of Nordea Bank in a research note on Tuesday, September 2nd. Kepler Capital Markets raised shares of Nordea Bank from a "strong sell" rating to a "hold" rating in a research note on Monday, July 7th. Finally, Citigroup reissued a "buy" rating on shares of Nordea Bank in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold".

Nordea Bank Stock Up 0.1%

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 6.60. The firm has a market cap of $55.71 billion, a P/E ratio of 10.74, a PEG ratio of 3.20 and a beta of 0.67. The stock's 50-day simple moving average is $15.22 and its 200 day simple moving average is $14.29.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $0.40 EPS for the quarter. The business had revenue of $3.30 billion for the quarter. Nordea Bank had a net margin of 20.63% and a return on equity of 15.50%. As a group, research analysts forecast that Nordea Bank AB will post 1.4 EPS for the current fiscal year.

About Nordea Bank

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.

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