Nordea Bank AB (OTCMKTS:NRDBY) Given Average Recommendation of “Hold” by Analysts

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

NRDBY has been the subject of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research note on Thursday, April 23rd. Zacks Research upgraded Nordea Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th.

Nordea Bank Price Performance

Nordea Bank stock opened at $17.97 on Monday. The stock has a market capitalization of $61.15 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.80 and a beta of 0.64. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.23 and a quick ratio of 1.23. The business has a fifty day moving average price of $18.22 and a 200-day moving average price of $18.50. 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 earnings results 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 analysts’ expectations of $3.37 billion. Nordea Bank had a return on equity of 15.15% and a net margin of 22.65%. Equities research analysts forecast that Nordea Bank will post 1.65 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.