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

Nordea Bank AB (OTCMKTS:NRDBY) has been given an average rating of “Hold” by the seven research firms that are covering the company, MarketBeat Ratings reports. One 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 assigned a strong buy rating to the company.

A number of equities analysts recently weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th.

Nordea Bank Stock Down 0.2%

NRDBY stock opened at $18.92 on Friday. Nordea Bank has a one year low of $13.91 and a one year high of $20.61. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s fifty day moving average is $18.70 and its 200 day moving average is $18.78. The firm has a market cap of $64.38 billion, a PE ratio of 11.90, a P/E/G ratio of 1.90 and a beta of 0.63.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Nordea Bank had a return on equity of 15.24% and a net margin of 22.65%.The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.37 billion. On average, research analysts forecast that Nordea Bank will post 1.65 EPS for the current year.

Nordea Bank Company Profile

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.