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

Nordea Bank AB (OTCMKTS:NRDBY) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company.

NRDBY has been the topic of several research reports. Nordea Equity Research downgraded shares of Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, December 4th. Kepler Capital Markets raised shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Zacks Research downgraded shares of Nordea Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Barclays reaffirmed an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Finally, The Goldman Sachs Group cut Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th.

Nordea Bank Stock Performance

Shares of NRDBY stock opened at $19.31 on Friday. The business has a fifty day moving average of $19.20 and a 200 day moving average of $17.38. Nordea Bank has a 1 year low of $11.07 and a 1 year high of $20.61. 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 firm has a market capitalization of $66.19 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 3.44 and a beta of 0.63.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. Nordea Bank had a return on equity of 15.61% and a net margin of 22.36%.The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.42 billion. As a group, research analysts expect that Nordea Bank will post 1.4 earnings per share 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.