Nordea Bank AB (NRDBY) – What Are Analysts Saying About This Stock?

Nordea Bank AB (OTCMKTS:NRDBY) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company.

NRDBY has been the subject of a number of recent analyst reports. Deutsche Bank reiterated a “buy” rating on shares of Nordea Bank in a research note on Wednesday, September 16th. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research report on Friday, July 17th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th.

Nordea Bank Stock Performance

Shares of OTCMKTS:NRDBY opened at $18.90 on Monday. The firm’s 50 day simple moving average is $19.03 and its 200 day simple moving average is $19.07. Nordea Bank has a fifty-two week low of $16.35 and a fifty-two week high of $21.39. The company has a market capitalization of $64.31 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 1.82 and a beta of 0.75. The company has a debt-to-equity ratio of 6.68, a current ratio of 1.18 and a quick ratio of 1.18.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings results on Thursday, October 15th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a net margin of 22.74% and a return on equity of 15.06%. As a group, sell-side analysts forecast that Nordea Bank will post 1.73 earnings per share for the current year.

About Nordea Bank

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland. It provides banking and related services to individuals, businesses and institutions, with a focus on the Nordic region. Its offerings include everyday and savings accounts, mortgages, consumer loans, payment services, and investment and wealth-management services for personal customers. For businesses and institutions, Nordea provides lending, cash management, trade finance, capital-markets services and other corporate banking solutions.