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

Nordea Bank AB (OTCMKTS:NRDBY) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities analysts have weighed in on the stock. Morgan Stanley restated 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 research report on Thursday, April 23rd. Finally, Zacks Research upgraded shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th.

Nordea Bank Stock Performance

OTCMKTS NRDBY opened at $18.83 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.78. The stock has a market capitalization of $64.07 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.82 and a beta of 0.63. The stock has a 50-day moving average of $18.57 and a 200 day moving average of $18.73. Nordea Bank has a twelve month low of $13.91 and a twelve month high of $20.61.

Nordea Bank (OTCMKTS:NRDBY) last announced its earnings results on Wednesday, April 22nd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a return on equity of 15.24% and a net margin of 22.65%. Sell-side analysts anticipate that Nordea Bank will post 1.65 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.