Nordea Bank AB (OTCMKTS:NRDBY) Receives Consensus Rating of “Moderate Buy” from Analysts

Nordea Bank AB (OTCMKTS:NRDBY) has been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

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

Nordea Bank Stock Up 0.6%

NRDBY opened at $20.36 on Friday. The company has a fifty day moving average of $20.19 and a two-hundred day moving average of $19.14. The stock has a market capitalization of $69.26 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.54 and a beta of 0.63. Nordea Bank has a fifty-two week low of $16.06 and a fifty-two week high of $21.39. The company has a debt-to-equity ratio of 6.79, a quick ratio of 1.18 and a current ratio of 1.18.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings results on Thursday, July 16th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%. On average, research analysts expect that Nordea Bank will post 1.81 earnings per share for the current year.

Nordea Bank Company Profile

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland, serving personal, business and institutional customers across the Nordic region. Its primary markets are Finland, Sweden, Norway and Denmark, with additional operations supporting selected international and Baltic customers.

The company provides retail banking services such as deposit accounts, mortgages, consumer finance, payment solutions, cards and digital banking. Nordea also offers corporate and investment banking, including lending, cash management, financial markets, advisory and capital-markets services.