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

Shares of Nordea Bank AB (OTCMKTS:NRDBY) have received an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

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

Nordea Bank Trading Up 1.1%

Nordea Bank stock opened at $20.29 on Friday. The company has a debt-to-equity ratio of 6.79, a quick ratio of 1.23 and a current ratio of 1.18. Nordea Bank has a fifty-two week low of $15.24 and a fifty-two week high of $20.61. The stock has a market cap of $69.06 billion, a P/E ratio of 12.61, a PEG ratio of 2.01 and a beta of 0.62. The firm’s fifty day moving average price is $19.22 and its 200-day moving average price is $18.95.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings data 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 return on equity of 15.18% and a net margin of 22.82%.The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. Equities research analysts forecast that Nordea Bank will post 1.65 earnings per share 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.