Nordea Bank Abp (OTCMKTS:NRDBY) Hits New 52-Week High at $11.40

Shares of Nordea Bank Abp (OTCMKTS:NRDBY) reached a new 52-week high during trading on Thursday . The company traded as high as $11.40 and last traded at $11.33, with a volume of 22293 shares traded. The stock had previously closed at $11.13.

A number of analysts recently commented on NRDBY shares. Keefe, Bruyette & Woods upgraded shares of Nordea Bank Abp from a “market perform” rating to an “outperform” rating in a research note on Friday, May 21st. JPMorgan Chase & Co. restated an “overweight” rating on shares of Nordea Bank Abp in a research note on Thursday, March 4th. UBS Group upgraded shares of Nordea Bank Abp to a “buy” rating in a research note on Thursday. Barclays upgraded shares of Nordea Bank Abp to an “equal weight” rating in a research note on Wednesday, May 19th. Finally, Berenberg Bank restated a “buy” rating on shares of Nordea Bank Abp in a research note on Tuesday, February 23rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Nordea Bank Abp currently has a consensus rating of “Buy”.

The company has a debt-to-equity ratio of 5.49, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $45.89 billion, a PE ratio of 14.64 and a beta of 1.23. The company’s fifty day moving average is $10.45.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its earnings results on Thursday, April 29th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $2.49 billion during the quarter. Nordea Bank Abp had a net margin of 26.77% and a return on equity of 7.91%.

About Nordea Bank Abp (OTCMKTS:NRDBY)

Nordea Bank Abp provides various banking products and services in Sweden, Finland, Norway, Denmark, and internationally. The company operates through Personal Banking, Business Banking, Large Corporates and Institutions, and Asset and Wealth Management segments. The Personal Banking segment offers various financial services to household customers through internet and mobile banking, over the phone, online meetings, and branch offices.

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