Nordea Bank (NRBAY) Receives Hold Rating from Jefferies Group

Nordea Bank (OTCMKTS:NRBAY)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a research note issued on Thursday, Marketbeat reports. Jefferies Group also issued estimates for Nordea Bank’s Q4 2017 earnings at $0.22 EPS and FY2020 earnings at $1.06 EPS.

Other analysts have also recently issued reports about the company. Deutsche Bank raised Nordea Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. UBS Group lowered shares of Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Nordea Equity Research upgraded shares of Nordea Bank to a “hold” rating in a report on Wednesday, November 15th. Credit Suisse Group lowered shares of Nordea Bank from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. Finally, Zacks Investment Research lowered shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold”.

Shares of Nordea Bank (NRBAY) traded down $0.10 during trading hours on Thursday, hitting $12.47. The stock had a trading volume of 799,780 shares, compared to its average volume of 179,838. Nordea Bank has a 52-week low of $11.05 and a 52-week high of $13.87. The company has a market capitalization of $50,503.50, a PE ratio of 13.13 and a beta of 0.71. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 5.94.

Nordea Bank (OTCMKTS:NRBAY) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. Nordea Bank had a return on equity of 10.93% and a net margin of 29.32%. research analysts expect that Nordea Bank will post 0.95 EPS for the current fiscal year.

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Nordea Bank Company Profile

Nordea Bank AB (publ) provides various banking products and services to individuals, and corporate and institutional customers. It operates through Personal Banking, Commercial & Business Banking, Wholesale Banking, and Wealth Management segments. The company offers deposits, cards, lending products, and net banking services; cash management services; trade and project finance services; asset based financing through leasing, hire purchase, and factoring; and investment, savings, and risk management products, as well as finance products to partners, such as vendors, dealers, and retailers.

Analyst Recommendations for Nordea Bank (OTCMKTS:NRBAY)

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