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

Nordea Bank AB (OTCMKTS:NRDBY) has been given an average rating of “Hold” by the seven research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

NRDBY has been the topic of a number of recent research reports. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a research report on Tuesday, May 12th. Citigroup restated a “buy” rating on shares of Nordea Bank in a report on Friday, July 17th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th.

Nordea Bank Stock Up 2.0%

Shares of OTCMKTS:NRDBY opened at $20.11 on Friday. The business’s 50 day moving average is $19.11 and its 200 day moving average is $18.92. The stock has a market cap of $68.43 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 1.97 and a beta of 0.63. Nordea Bank has a 52-week low of $14.53 and a 52-week high of $20.61. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.78.

Nordea Bank (OTCMKTS:NRDBY) last issued its earnings results on Thursday, July 16th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%.The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. Sell-side analysts predict that Nordea Bank will post 1.65 EPS for the current year.

About Nordea Bank

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.