Nordea Bank (OTCMKTS:NRDBY) Hits New 1-Year High – Time to Buy?

Shares of Nordea Bank AB (OTCMKTS:NRDBY) reached a new 52-week high on Wednesday . The company traded as high as $20.61 and last traded at $20.6099, with a volume of 193264 shares. The stock had previously closed at $20.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a research note on Monday, November 24th. Barclays reissued an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Zacks Research downgraded shares of Nordea Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. The Goldman Sachs Group downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. Finally, Nordea Equity Research lowered shares of Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Nordea Bank Price Performance

The stock has a market cap of $70.77 billion, a PE ratio of 13.56, a P/E/G ratio of 4.10 and a beta of 0.63. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.23 and a current ratio of 1.23. The business has a 50 day moving average price of $18.64 and a two-hundred day moving average price of $16.94.

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.