Nordea Bank (OTCMKTS:NRDBY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Nordea Bank AB (OTCMKTS:NRDBY) saw unusually-high trading volume on Monday. Approximately 608,051 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 477,709 shares. The stock last traded at $18.90 and had previously closed at $18.83.

Analysts Set New Price Targets

A number of research analysts have issued reports on NRDBY shares. The Goldman Sachs Group reissued a “neutral” rating on shares of Nordea Bank in a research report on Monday, July 20th. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordea Bank in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Nordea Bank Price Performance

The business has a fifty day simple moving average of $20.16 and a two-hundred day simple moving average of $19.23. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.79. The stock has a market cap of $64.19 billion, a PE ratio of 11.72, a P/E/G ratio of 1.41 and a beta of 0.69.

Nordea Bank (OTCMKTS:NRDBY) last announced its earnings results on Thursday, July 16th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%. Research analysts forecast that Nordea Bank AB will post 1.77 earnings per share for the current year.

Nordea Bank Company Profile

Nordea Bank Abp (OTCMKTS:NRDBY) is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.