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

Shares of Nordea Bank AB (OTCMKTS:NRDBYGet Free Report) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company.

NRDBY has been the topic of a number of research reports. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a report on Tuesday, May 12th.

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Nordea Bank Stock Performance

Shares of OTCMKTS NRDBY traded down $0.01 during trading hours on Tuesday, hitting $19.52. 27,984 shares of the company’s stock were exchanged, compared to its average volume of 629,865. Nordea Bank has a 1-year low of $13.91 and a 1-year high of $20.61. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $66.42 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.93 and a beta of 0.63. The company’s 50-day moving average price is $18.72 and its 200-day moving average price is $18.83.

Nordea Bank (OTCMKTS:NRDBYGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.37 EPS 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 business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion. On average, sell-side analysts expect that Nordea Bank will post 1.65 earnings per share for the current fiscal year.

Nordea Bank Company Profile

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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.

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Analyst Recommendations for Nordea Bank (OTCMKTS:NRDBY)

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