Nordea Bank AB (OTCMKTS:NRDBY) Stock Rated “Moderate Buy” by Sell-Side Analysts

Nordea Bank AB (OTCMKTS:NRDBY) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research analysts have commented on NRDBY shares. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research note on Friday, July 17th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nordea Bank in a report on Wednesday, September 16th.

Nordea Bank Stock Down 0.5%

NRDBY stock opened at $19.00 on Thursday. Nordea Bank has a twelve month low of $16.33 and a twelve month high of $21.39. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.79. The company has a market capitalization of $64.65 billion, a P/E ratio of 11.80, a PEG ratio of 1.43 and a beta of 0.69. The firm has a 50 day simple moving average of $20.09 and a 200-day simple moving average of $19.27.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings results on Thursday, July 16th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%. On average, equities research analysts predict that Nordea Bank will post 1.77 earnings per share for the current fiscal year.

Nordea Bank Company Profile

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.