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

Shares of Nordea Bank AB (OTCMKTS:NRDBY) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

Several equities analysts have recently weighed in on the stock. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research note on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th.

Nordea Bank Stock Down 1.3%

NRDBY stock opened at $18.97 on Tuesday. The stock has a fifty day moving average of $18.81 and a 200-day moving average of $18.87. Nordea Bank has a fifty-two week low of $13.91 and a fifty-two week high of $20.61. The company has a market capitalization of $64.55 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.92 and a beta of 0.63. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23.

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

About Nordea Bank

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.