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

Nordea Bank AB (OTCMKTS:NRDBY) has received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts have commented on the company. Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th.

Nordea Bank Trading Up 3.7%

OTCMKTS NRDBY opened at $18.83 on Friday. The company has a market capitalization of $64.07 billion, a PE ratio of 11.84, a P/E/G ratio of 1.82 and a beta of 0.63. The company has a fifty day moving average of $18.57 and a 200 day moving average of $18.73. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.23 and a quick ratio of 1.23. Nordea Bank has a 1 year low of $13.91 and a 1 year high of $20.61.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%. Research analysts forecast that Nordea Bank will post 1.65 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.