Nordea Bank AB (OTCMKTS:NRDBY) Receives Average Recommendation of “Hold” from Analysts

Shares of Nordea Bank AB (OTCMKTS:NRDBY) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

NRDBY has been the subject of several research analyst reports. The Goldman Sachs Group lowered shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Nordea Equity Research cut shares of 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 research note on Thursday, February 12th. Barclays reiterated an “underweight” rating on shares of Nordea Bank in a report on Wednesday, December 10th. Finally, Citigroup reissued a “buy” rating on shares of Nordea Bank in a research report on Thursday, January 15th.

Nordea Bank Trading Down 0.3%

OTCMKTS NRDBY opened at $16.36 on Friday. The stock has a market capitalization of $55.92 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.76 and a beta of 0.62. The business has a 50 day simple moving average of $19.09 and a 200 day simple moving average of $18.06. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.23 and a quick ratio of 1.23. Nordea Bank has a one year low of $11.07 and a one year high of $20.61.

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