Nordea Bank AB (OTCMKTS:NRDBY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Nordea Bank AB (OTCMKTS:NRDBY) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company.

NRDBY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordea Bank in a research report on Wednesday, September 16th. Citigroup restated a “buy” rating on shares of Nordea Bank in a report on Friday, July 17th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Nordea Bank in a research report on Monday, July 20th.

Nordea Bank Stock Down 0.4%

Shares of NRDBY stock opened at $20.58 on Friday. Nordea Bank has a fifty-two week low of $16.06 and a fifty-two week high of $21.39. The firm has a market capitalization of $70.03 billion, a PE ratio of 12.78, a P/E/G ratio of 1.54 and a beta of 0.63. The company has a debt-to-equity ratio of 6.79, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50-day simple moving average is $20.15 and its 200-day simple moving average is $19.11.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings data on Thursday, July 16th. The company reported $0.42 earnings per share for the quarter, topping 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 business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Equities analysts expect that Nordea Bank will post 1.81 earnings per share for the current year.

Nordea Bank Company Profile

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland, serving personal, business and institutional customers across the Nordic region. Its primary markets are Finland, Sweden, Norway and Denmark, with additional operations supporting selected international and Baltic customers.

The company provides retail banking services such as deposit accounts, mortgages, consumer finance, payment solutions, cards and digital banking. Nordea also offers corporate and investment banking, including lending, cash management, financial markets, advisory and capital-markets services.