Nordea Bank (OTCMKTS:NRDBY) Cut to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Nordea Bank (OTCMKTS:NRDBY) from a strong-buy rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other analysts also recently commented on the stock. Citigroup reissued a “buy” rating on shares of Nordea Bank in a report on Thursday, October 9th. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research report on Monday, November 24th. Zacks Research upgraded Nordea Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Nordea Equity Research downgraded Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, Barclays cut Nordea Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Nordea Bank currently has an average rating of “Moderate Buy”.

Nordea Bank Stock Down 0.4%

Nordea Bank stock opened at $17.92 on Thursday. The stock’s 50 day moving average price is $17.04 and its 200 day moving average price is $15.80. Nordea Bank has a 1-year low of $10.30 and a 1-year high of $18.27. The company has a market cap of $61.69 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.23 and a quick ratio of 1.23.

Nordea Bank (OTCMKTS:NRDBY) last released its earnings results on Thursday, October 16th. The company reported $0.42 EPS for the quarter. The company had revenue of $3.40 billion during the quarter. Nordea Bank had a return on equity of 15.38% and a net margin of 21.42%. On average, sell-side analysts predict that Nordea Bank will post 1.4 EPS for the current fiscal year.

Nordea Bank Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.