Nordea Bank AB (OTCMKTS:NRDBY) Given Average Rating of “Hold” by Brokerages

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

Several research firms have recently weighed in on NRDBY. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research report on Friday, July 17th. Finally, Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a report on Tuesday, May 12th.

Nordea Bank Price Performance

Shares of OTCMKTS NRDBY opened at $20.45 on Wednesday. The stock has a market capitalization of $69.59 billion, a PE ratio of 12.70, a P/E/G ratio of 1.89 and a beta of 0.62. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.79. The firm has a fifty day moving average of $19.69 and a 200-day moving average of $18.99. Nordea Bank has a 52-week low of $15.36 and a 52-week high of $20.89.

Nordea Bank (OTCMKTS:NRDBY) last issued its earnings results on Thursday, July 16th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%.The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. On average, analysts anticipate that Nordea Bank will post 1.78 EPS 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.