Nordea Bank AB (OTCMKTS:NRDBY) Given Consensus Rating of “Hold” by Analysts

Nordea Bank AB (OTCMKTS:NRDBY) has earned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research analysts recently commented on NRDBY shares. Zacks Research raised shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research report on Thursday.

Nordea Bank Price Performance

Shares of NRDBY opened at $18.50 on Thursday. The firm has a fifty day moving average price of $18.49 and a 200 day moving average price of $18.33. The stock has a market cap of $63.12 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.63. 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 has a 1-year low of $13.39 and a 1-year high of $20.61.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Nordea Bank had a net margin of 22.65% and a return on equity of 15.15%. The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.37 billion. As a group, sell-side analysts anticipate that Nordea Bank will post 1.63 EPS for the current 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.