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

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

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

Nordea Bank Stock Up 0.1%

NRDBY opened at $18.10 on Monday. The company has a market capitalization of $61.59 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.35 and a beta of 0.75. The company has a debt-to-equity ratio of 6.79, a current ratio of 1.18 and a quick ratio of 1.18. Nordea Bank has a fifty-two week low of $16.35 and a fifty-two week high of $21.39. The business has a 50-day moving average of $19.20 and a 200-day moving average of $19.10.

Nordea Bank (OTCMKTS:NRDBY) last posted its earnings results on Thursday, October 15th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. Nordea Bank had a net margin of 22.74% and a return on equity of 15.06%. The firm had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.37 billion. Equities research analysts forecast that Nordea Bank will post 1.77 EPS for the current fiscal year.

Nordea Bank Company Profile

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland. It provides banking and related services to individuals, businesses and institutions, with a focus on the Nordic region.

Its offerings include everyday and savings accounts, mortgages, consumer loans, payment services, and investment and wealth-management services for personal customers. For businesses and institutions, Nordea provides lending, cash management, trade finance, capital-markets services and other corporate banking solutions.

The group took shape through the consolidation of several Nordic banks, with the merger that created Nordea completed in 2000.