Nordea Bank AB (NRDBY) – What Are Investment Firms Thinking About This Stock?

Nordea Bank AB (OTCMKTS:NRDBY) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

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

Nordea Bank Price Performance

Nordea Bank stock opened at $17.55 on Thursday. The firm has a market capitalization of $59.72 billion, a P/E ratio of 10.99, a PEG ratio of 1.31 and a beta of 0.69. Nordea Bank has a 1 year low of $16.35 and a 1 year high of $21.39. The business has a 50-day moving average of $19.83 and a 200-day moving average of $19.28. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.79.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings results on Thursday, October 15th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.37 billion. Nordea Bank had a net margin of 22.74% and a return on equity of 15.06%. On average, equities analysts anticipate that Nordea Bank will post 1.77 EPS for the current year.

Nordea Bank Company Profile

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland, and one of the largest banks in the Nordic region. The group serves customers primarily in Finland, Sweden, Denmark and Norway through banking, lending, savings and investment services.

Nordea provides personal banking products such as deposit accounts, mortgages, consumer credit, payment services, cards and digital banking tools. For corporate and institutional customers, it offers financing, cash management, payment solutions, trade finance, capital markets services and investment banking.