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

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.16 and last traded at $15.14, with a volume of 4008 shares trading hands. The stock had previously closed at $14.90.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a research note on Wednesday, May 21st. 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 "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Finally, Kepler Capital Markets raised shares of Nordea Bank from a "strong sell" rating to a "hold" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Nordea Bank Stock Performance

The firm's 50 day moving average price is $14.52 and its two-hundred day moving average price is $13.25. The company has a debt-to-equity ratio of 6.80, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $51.43 billion, a PE ratio of 9.88, a PEG ratio of 5.81 and a beta of 0.69.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.36 EPS for the quarter. Nordea Bank had a net margin of 20.13% and a return on equity of 15.76%. The firm had revenue of $3.13 billion for the quarter. On average, research analysts forecast that Nordea Bank AB will post 1.4 earnings per share 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.