Nordea Bank (OTCMKTS:NRDBY) Shares Gap Down – Should You Sell?

Shares of Nordea Bank AB (OTCMKTS:NRDBY) gapped down before the market opened on Thursday. The stock had previously closed at $19.09, but opened at $17.79. Nordea Bank shares last traded at $17.76, with a volume of 13,660 shares.

Analysts Set New Price Targets

NRDBY has been the topic of several analyst reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of Nordea Bank in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordea Bank in a research report on Wednesday, September 16th. Finally, Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Nordea Bank Stock Performance

The firm has a market capitalization of $60.06 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.43 and a beta of 0.69. The firm has a 50-day moving average price of $20.09 and a two-hundred day moving average price of $19.27. The company has a debt-to-equity ratio of 6.79, a current ratio of 1.18 and a quick ratio of 1.18.

Nordea Bank (OTCMKTS:NRDBY) last released its quarterly earnings data on Thursday, October 15th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%. On average, analysts forecast that Nordea Bank AB will post 1.77 EPS for the current fiscal year.

About Nordea Bank

Nordea Bank Abp (OTCMKTS:NRDBY) is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.