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

Nordea Bank AB (OTCMKTS:NRDBY) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

A number of research analysts have recently commented on NRDBY shares. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a report on Tuesday, May 12th. Citigroup restated a “buy” rating on shares of Nordea Bank in a report on Thursday, April 23rd. Finally, Zacks Research upgraded shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th.

Nordea Bank Stock Performance

OTCMKTS NRDBY opened at $19.04 on Monday. The company’s 50-day moving average price is $18.25 and its 200-day moving average price is $18.55. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.33. The stock has a market cap of $64.79 billion, a PE ratio of 11.97, a PEG ratio of 1.90 and a beta of 0.64. Nordea Bank has a 12 month low of $13.91 and a 12 month high of $20.61.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.37 billion. Nordea Bank had a return on equity of 15.15% and a net margin of 22.65%. Equities research analysts forecast that Nordea Bank will post 1.65 earnings per share 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.