Nordea Bank AB (OTCMKTS:NRDBY) Given Average Rating of “Hold” by Brokerages

Nordea Bank AB (OTCMKTS:NRDBY) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have recently issued reports on NRDBY. Zacks Research cut Nordea Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday. Kepler Capital Markets upgraded shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Barclays reissued an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research note on Thursday. Finally, The Goldman Sachs Group cut Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th.

Nordea Bank Trading Up 0.1%

OTCMKTS NRDBY opened at $19.61 on Tuesday. Nordea Bank has a one year low of $11.07 and a one year high of $19.73. The firm has a 50 day simple moving average of $18.28 and a 200-day simple moving average of $16.69. The firm has a market cap of $67.34 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 4.01 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.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings results on Thursday, October 16th. The company reported $0.42 EPS for the quarter. The company had revenue of $3.40 billion during the quarter. Nordea Bank had a net margin of 21.42% and a return on equity of 15.38%. Equities research analysts anticipate that Nordea Bank will post 1.4 EPS for the current fiscal 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.