Nordea Bank’s (NRBAY) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Nordea Bank (OTCMKTS:NRBAY)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a report released on Monday.

Several other research analysts have also recently issued reports on the company. UBS Group cut Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research cut Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Jefferies Group reissued a “hold” rating on shares of Nordea Bank in a research note on Thursday, January 18th. Credit Suisse Group lowered Nordea Bank from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. Finally, Deutsche Bank upgraded Nordea Bank from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold”.

Nordea Bank (OTCMKTS NRBAY) traded down $0.13 on Monday, hitting $12.41. The stock had a trading volume of 4,455 shares, compared to its average volume of 233,477. The company has a market capitalization of $50,766.75, a PE ratio of 14.92 and a beta of 0.71. Nordea Bank has a 1 year low of $11.05 and a 1 year high of $13.87. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.45 and a current ratio of 1.45.

Nordea Bank (OTCMKTS:NRBAY) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.94 billion. Nordea Bank had a net margin of 26.09% and a return on equity of 9.70%. sell-side analysts expect that Nordea Bank will post 0.99 EPS for the current 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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