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

Key Points

• Nordea Bank's share price achieved a new 52-week high of $15.75 during trading, closing at $15.72 with a total volume of 228,486 shares.
• Analyst ratings reflect mixed sentiment, with revisions ranging from a "buy" to a "reduce" rating, resulting in an average score of "Moderate Buy" for the stock.
• Nordea reported earnings of $0.40 per share with revenue of $3.30 billion in its latest quarter, reflecting a net margin of 20.63% and 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 stock traded as high as $15.75 and last traded at $15.72, with a volume of 228486 shares. The stock had previously closed at $15.55.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Kepler Capital Markets upgraded Nordea Bank from a "strong sell" rating to a "hold" rating in a research note on Monday, July 7th. Nordea Equity Research lowered Nordea Bank from a "buy" rating to a "reduce" rating in a research report on Wednesday, May 21st. Barclays downgraded Nordea Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Finally, Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

Nordea Bank Price Performance

The firm has a market capitalization of $54.87 billion, a PE ratio of 10.56, a P/E/G ratio of 3.21 and a beta of 0.67. 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 fifty day moving average price of $14.81 and a two-hundred day moving average price of $13.87.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $0.40 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts forecast 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.