Nordea Bank AB (OTCMKTS:NRDBY) Receives Average Rating of “Hold” from Brokerages

Nordea Bank AB (OTCMKTS:NRDBY) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

NRDBY has been the topic of several analyst reports. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research report on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Friday, July 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th.

Nordea Bank Price Performance

Shares of OTCMKTS NRDBY opened at $20.43 on Wednesday. The company has a debt-to-equity ratio of 6.79, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $69.52 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.86 and a beta of 0.62. The firm’s 50 day simple moving average is $19.55 and its 200-day simple moving average is $18.97. Nordea Bank has a 12 month low of $15.24 and a 12 month high of $20.89.

Nordea Bank (OTCMKTS:NRDBY) last posted its earnings results on Thursday, July 16th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Analysts expect that Nordea Bank will post 1.78 EPS for the current year.

Nordea Bank Company Profile

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.