Nordea Bank (OTCMKTS:NRDBY) Sets New 1-Year High – Still a Buy?

Shares of Nordea Bank AB (OTCMKTS:NRDBY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $19.40 and last traded at $19.3080, with a volume of 9189 shares changing hands. The stock had previously closed at $19.17.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NRDBY. Kepler Capital Markets raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Nordea Equity Research lowered Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a research note on Monday, November 24th. Finally, Zacks Research downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Nordea Bank has a consensus rating of “Hold”.

Nordea Bank Price Performance

The company has a 50 day simple moving average of $18.17 and a 200-day simple moving average of $16.63. The stock has a market cap of $67.30 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 3.97 and a beta of 0.63. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.32.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings results on Thursday, October 16th. The company reported $0.42 earnings per share for the quarter. The firm had revenue of $3.40 billion for the quarter. Nordea Bank had a return on equity of 15.38% and a net margin of 21.42%. Research analysts expect that Nordea Bank AB will post 1.4 EPS for the current year.

About Nordea Bank

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.