Nordea Bank AB (OTCMKTS:NRDBY) Given Average Recommendation of “Hold” by Analysts

Nordea Bank AB (OTCMKTS:NRDBY) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned 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 a number of research analyst reports. Barclays reissued an “underweight” rating on shares of Nordea Bank in a research note on Wednesday, December 10th. Nordea Equity Research lowered Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a report on Monday, November 24th. Zacks Research raised Nordea Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, January 15th.

Nordea Bank Price Performance

NRDBY stock opened at $18.30 on Wednesday. The firm has a 50 day simple moving average of $19.45 and a two-hundred day simple moving average of $17.83. The stock has a market cap of $62.55 billion, a PE ratio of 11.58, a P/E/G ratio of 3.20 and a beta of 0.62. Nordea Bank has a one year low of $11.07 and a one year high of $20.61. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.23 and a quick ratio of 1.23.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. Nordea Bank had a net margin of 22.36% and a return on equity of 15.61%. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.42 billion. On average, analysts predict that Nordea Bank will post 1.4 EPS for the current fiscal 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.