Nordea Bank (OTCMKTS:NRDBY) Shares Gap Down – Here’s Why

Nordea Bank AB (OTCMKTS:NRDBY)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $19.09, but opened at $17.79. Nordea Bank shares last traded at $17.76, with a volume of 13,660 shares.

Analysts Set New Price Targets

NRDBY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordea Bank in a research note on Wednesday, September 16th. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research note on Friday, July 17th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Nordea Bank in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Nordea Bank Trading Down 7.1%

The stock has a market cap of $60.06 billion, a PE ratio of 10.96, a PEG ratio of 1.43 and a beta of 0.69. The company has a debt-to-equity ratio of 6.79, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a fifty day moving average price of $20.09 and a 200 day moving average price of $19.27.

Nordea Bank (OTCMKTS:NRDBY) last released its earnings results on Thursday, October 15th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%. Equities analysts expect that Nordea Bank AB will post 1.77 EPS for the current year.

About Nordea Bank

Nordea Bank Abp (OTCMKTS:NRDBY) is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.