Nordea Bank (OTCMKTS:NRDBY) Sets New 52-Week High – Here’s What Happened

Nordea Bank AB (OTCMKTS:NRDBY)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $15.75 and last traded at $15.72, with a volume of 228486 shares changing hands. The stock had previously closed at $15.55.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Nordea Equity Research cut Nordea Bank from a “buy” rating to a “reduce” rating in a report on Wednesday, May 21st. Kepler Capital Markets upgraded Nordea Bank from a “strong sell” rating to a “hold” rating in a report on Monday, July 7th. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a report on Wednesday, May 21st. Finally, Barclays cut Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Nordea Bank Price Performance

The firm has a market capitalization of $54.46 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 3.10 and a beta of 0.67. The business has a 50-day moving average of $14.75 and a 200 day moving average of $13.80. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 6.60.

Nordea Bank (OTCMKTS:NRDBY) last released its quarterly earnings results on Thursday, July 17th. The company reported $0.40 EPS for the quarter. The business 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%. As a group, research analysts anticipate that Nordea Bank AB will post 1.4 EPS for the current fiscal 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.