Nordea Bank AB (OTCMKTS:NRDBY) Receives Consensus Recommendation of “Hold” from Brokerages

Nordea Bank AB (OTCMKTS:NRDBY) has been given a consensus rating of “Hold” by the seven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

NRDBY has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a report on Monday, November 24th. Barclays restated an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Nordea Equity Research cut Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, December 4th. Kepler Capital Markets raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, January 15th.

Nordea Bank Stock Up 1.6%

NRDBY opened at $19.82 on Friday. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $67.94 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 3.49 and a beta of 0.63. Nordea Bank has a one year low of $11.07 and a one year high of $20.61. The business’s fifty day moving average is $19.02 and its two-hundred day moving average is $17.20.

Nordea Bank (OTCMKTS:NRDBY) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. Nordea Bank had a return on equity of 15.89% and a net margin of 22.36%.The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.42 billion. Analysts anticipate 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.