Nordea Bank (OTCMKTS:NRDBY) Sets New 1-Year High – Here’s Why

Nordea Bank AB (OTCMKTS:NRDBY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.79 and last traded at $19.79, with a volume of 985 shares trading hands. The stock had previously closed at $19.25.

Analysts Set New Price Targets

Several brokerages have recently commented on NRDBY. Citigroup restated a “buy” rating on shares of Nordea Bank in a research note on Thursday, January 15th. Nordea Equity Research cut shares of Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, December 4th. The Goldman Sachs Group lowered Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Kepler Capital Markets raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Zacks Research lowered Nordea Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Nordea Bank Trading Up 1.3%

The company has a debt-to-equity ratio of 6.32, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $67.97 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 3.94 and a beta of 0.63. The business has a fifty day moving average price of $18.41 and a 200 day moving average price of $16.79.

Nordea Bank Company Profile

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.