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

Shares of Nordea Bank AB (OTCMKTS:NRDBY) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms have recently issued reports on NRDBY. Barclays reaffirmed an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Nordea Equity Research lowered Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, December 4th. Zacks Research raised shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. The Goldman Sachs Group cut Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. Finally, Kepler Capital Markets upgraded shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th.

Nordea Bank Price Performance

OTCMKTS:NRDBY opened at $18.32 on Wednesday. The firm has a fifty day simple moving average of $19.48 and a 200 day simple moving average of $17.77. Nordea Bank has a 1-year low of $11.07 and a 1-year high of $20.61. The stock has a market capitalization of $62.79 billion, a PE ratio of 11.59, a P/E/G ratio of 3.32 and a beta of 0.62. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.33.

Nordea Bank (OTCMKTS:NRDBY) last issued its earnings results on Thursday, January 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Nordea Bank had a net margin of 22.36% and a return on equity of 15.61%. The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.42 billion. On average, research analysts expect that Nordea Bank will post 1.4 EPS 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.