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

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

NRDBY has been the topic of a number of analyst reports. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a report on Thursday, January 15th. Kepler Capital Markets upgraded shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Nordea Equity Research downgraded shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Zacks Research downgraded shares of Nordea Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Finally, The Goldman Sachs Group lowered shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th.

Nordea Bank Stock Performance

Shares of NRDBY stock opened at $19.82 on Friday. 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 6.32, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s 50 day moving average price is $19.02 and its 200-day moving average price is $17.20. The firm has a market cap of $67.94 billion, a P/E ratio of 12.54, a P/E/G ratio of 3.49 and a beta of 0.63.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Nordea Bank had a net margin of 22.36% and a return on equity of 15.89%. As a group, equities research analysts predict that Nordea Bank will post 1.4 EPS for the current 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.