Nordea Bank AB (OTCMKTS:NRDBY) Receives Average Recommendation of “Hold” from Analysts

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

A number of brokerages have issued reports on NRDBY. Zacks Research raised shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Barclays restated an “underweight” rating on shares of Nordea Bank in a research note on Wednesday, December 10th. The Goldman Sachs Group downgraded Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. Nordea Equity Research cut Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Finally, Citigroup restated a “buy” rating on shares of Nordea Bank in a research note on Thursday, January 15th.

Nordea Bank Trading Up 4.2%

OTCMKTS NRDBY opened at $17.29 on Friday. 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 business has a fifty day simple moving average of $18.99 and a 200 day simple moving average of $18.09. Nordea Bank has a 12 month low of $11.07 and a 12 month high of $20.61. The firm has a market capitalization of $58.97 billion, a P/E ratio of 10.94, a PEG ratio of 1.79 and a beta of 0.62.

Nordea Bank (OTCMKTS:NRDBY) last posted its earnings results on Thursday, January 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.42 billion. Nordea Bank had a net margin of 22.36% and a return on equity of 15.61%. On average, analysts predict that Nordea Bank will post 1.4 EPS for the current fiscal 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.