Nordea Bank AB (OTCMKTS:NRDBY) Given Consensus Recommendation of “Hold” by Brokerages

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

A number of analysts recently weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a report on Monday, November 24th. Zacks Research cut Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research report on Thursday, October 9th. Kepler Capital Markets upgraded Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Nordea Equity Research cut Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th.

Nordea Bank Price Performance

OTCMKTS:NRDBY opened at $18.91 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.32. The business’s 50-day moving average price is $17.61 and its 200 day moving average price is $16.17. Nordea Bank has a 52-week low of $10.60 and a 52-week high of $19.00. The firm has a market cap of $65.10 billion, a P/E ratio of 12.44, a PEG ratio of 3.90 and a beta of 0.62.

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