Nordea Bank Abp (OTCMKTS:NRDBY) Receives Consensus Rating of “Hold” from Brokerages

Nordea Bank Abp (OTCMKTS:NRDBY) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

NRDBY has been the subject of several research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank Abp in a report on Friday, March 7th. Barclays downgraded Nordea Bank Abp from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 2nd. Nordea Equity Research downgraded Nordea Bank Abp from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 21st. Citigroup reiterated a “buy” rating on shares of Nordea Bank Abp in a research report on Wednesday, May 21st. Finally, Kepler Capital Markets downgraded Nordea Bank Abp from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, May 21st.

Nordea Bank Abp Stock Up 1.5%

NRDBY stock opened at $14.57 on Tuesday. Nordea Bank Abp has a one year low of $10.30 and a one year high of $14.87. The stock has a market capitalization of $50.71 billion, a P/E ratio of 9.40, a PEG ratio of 0.88 and a beta of 0.70. The company has a debt-to-equity ratio of 6.03, a quick ratio of 1.29 and a current ratio of 1.27. The company has a 50 day moving average price of $13.89 and a two-hundred day moving average price of $12.81.

Nordea Bank Abp (OTCMKTS:NRDBY) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.36 EPS for the quarter. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%. The company had revenue of $3.13 billion for the quarter. As a group, sell-side analysts expect that Nordea Bank Abp will post 1.4 EPS for the current year.

About Nordea Bank Abp

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.