Nordea Bank (OTCMKTS:NRDBY) Reaches New 12-Month High - What's Next?

Shares of Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $15.29 and last traded at $15.29, with a volume of 12997 shares changing hands. The stock had previously closed at $15.24.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on NRDBY

Nordea Bank Stock Performance

The company has a market capitalization of $53.24 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 2.99 and a beta of 0.67. The company has a debt-to-equity ratio of 6.60, a quick ratio of 1.26 and a current ratio of 1.26. The stock's 50 day moving average price is $14.67 and its 200 day moving average price is $13.70.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $0.40 earnings per share (EPS) for the quarter. Nordea Bank had a return on equity of 15.50% and a net margin of 20.63%. The business had revenue of $3.30 billion during the quarter. As a group, equities analysts expect that Nordea Bank AB will post 1.4 EPS for the current 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.

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