Nordea Bank AB (OTCMKTS:NRDBY) Given Consensus Recommendation of “Hold” by Brokerages

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

Several equities research analysts have recently issued reports on NRDBY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a research report on Tuesday, May 12th. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd.

Nordea Bank Trading Up 0.1%

Shares of OTCMKTS:NRDBY opened at $19.15 on Friday. The company has a market cap of $65.16 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.91 and a beta of 0.63. The stock’s 50-day moving average is $18.65 and its 200-day moving average is $18.76. Nordea Bank has a 52-week low of $13.91 and a 52-week high of $20.61. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings results 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 business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%. Equities research analysts predict that Nordea Bank will post 1.65 earnings per share 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.