Nordea Bank AB (OTCMKTS:NRDBY) Receives Average Recommendation of “Hold” from Analysts

Nordea Bank AB (OTCMKTS:NRDBY) has received an average recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages have issued reports on NRDBY. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research report on Tuesday, May 12th. Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. Finally, Zacks Research upgraded shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th.

Nordea Bank Trading Down 0.3%

Shares of NRDBY stock opened at $19.04 on Monday. The firm has a 50 day moving average price of $18.25 and a two-hundred day moving average price of $18.54. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.33. The company has a market capitalization of $64.79 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64. Nordea Bank has a 12-month low of $13.91 and a 12-month high of $20.61.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a return on equity of 15.15% and a net margin of 22.65%. As a group, analysts predict that Nordea Bank will post 1.65 earnings per share 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.