Nordea Bank (OTCMKTS:NRDBY) Sets New 1-Year High - Here's What Happened

Key Points

• Nordea Bank's shares reached a new 52-week high at $17.06, closing at $16.92 with a trading volume of 4199 shares.
• Analysts have given mixed ratings, with Barclays issuing a "strong sell" and Citigroup maintaining a "buy" rating, resulting in an average rating of "hold" for the stock.
• In the recent earnings report, Nordea Bank posted an EPS of $0.42 and has a market capitalization of $58.83 billion, indicating strong financials with a return on equity of 15.50%.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $17.06 and last traded at $16.92, with a volume of 4199 shares changing hands. The stock had previously closed at $16.48.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NRDBY. Barclays lowered shares of Nordea Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, August 21st. Morgan Stanley reissued an "overweight" rating on shares of Nordea Bank in a report on Tuesday, September 2nd. Kepler Capital Markets raised shares of Nordea Bank from a "strong sell" rating to a "hold" rating in a report on Monday, July 7th. Finally, Citigroup reissued a "buy" rating on shares of Nordea Bank in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Nordea Bank has an average rating of "Hold".

Nordea Bank Stock Up 3.5%

The business's 50-day moving average is $15.99 and its 200-day moving average is $14.72. The company has a market capitalization of $58.83 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 3.82 and a beta of 0.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 6.60.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last posted its earnings results on Thursday, October 16th. The company reported $0.42 EPS for the quarter. Nordea Bank had a return on equity of 15.50% and a net margin of 20.63%. As a group, equities analysts predict that Nordea Bank AB will post 1.4 earnings per share for the current year.

Nordea Bank Company Profile

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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