Nordea Bank (OTCMKTS:NRDBY) Sets New 52-Week High - Should You Buy?

Key Points

• Nordea Bank's share price reached a new 52-week high of $16.48, indicating increased investor interest.
• Following various analyst reports, ratings for Nordea Bank have fluctuated, with Barclays downgrading it to a "strong sell" while Citigroup reaffirmed a "buy" rating.
• The bank reported $0.40 earnings per share for its last quarter, with anticipated earnings of 1.4 EPS for the current year, reflecting positive financial performance.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.48 and last traded at $16.29, with a volume of 157085 shares. The stock had previously closed at $16.39.

Analysts Set New Price Targets

NRDBY has been the topic of several research analyst reports. Barclays downgraded shares of Nordea Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 21st. Kepler Capital Markets upgraded shares of Nordea Bank from a "strong sell" rating to a "hold" rating in a research note on Monday, July 7th. Nordea Equity Research downgraded shares of Nordea Bank from a "buy" rating to a "reduce" rating in a research note on Wednesday, May 21st. Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a research report on Wednesday, May 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Nordea Bank in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Nordea Bank Stock Performance

The company has a market capitalization of $56.33 billion, a P/E ratio of 10.86, a PEG ratio of 3.26 and a beta of 0.67. The stock has a fifty day simple moving average of $15.33 and a 200-day simple moving average of $14.37. 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 issued its quarterly earnings data on Thursday, July 17th. The company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $3.30 billion during the quarter. Nordea Bank had a return on equity of 15.50% and a net margin of 20.63%. Equities analysts forecast that Nordea Bank AB will post 1.4 EPS 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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