Nordea Bank (OTCMKTS:NRDBY) Reaches New 12-Month High - Here's Why

Key Points

• Nordea Bank's stock reached a new 52-week high at $16.54 during mid-day trading, reflecting a trading volume of 239,276 shares.
• Analysts have mixed opinions on the stock, with Barclays downgrading it to a "strong sell" while Morgan Stanley maintains an "overweight" rating.
• The bank reported a quarterly earnings per share of $0.40, with revenue totaling $3.30 billion and a return on equity of 15.50%.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.54 and last traded at $16.46, with a volume of 239276 shares traded. The stock had previously closed at $16.28.

Analyst Ratings Changes

Several research analysts have issued reports on NRDBY shares. Barclays downgraded Nordea Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, August 21st. Kepler Capital Markets raised Nordea Bank from a "strong sell" rating to a "hold" rating in a report on Monday, July 7th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Nordea Bank in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".

Nordea Bank Stock Performance

The stock has a 50 day moving average price of $15.44 and a two-hundred day moving average price of $14.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 6.60. The company has a market cap of $56.92 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 3.24 and a beta of 0.67.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.40 earnings per share for the quarter. The company had revenue of $3.30 billion for the quarter. Nordea Bank had a return on equity of 15.50% and a net margin of 20.63%. Analysts predict that Nordea Bank AB will post 1.4 EPS for the current 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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