Nordea Bank AB (OTCMKTS:NRDBY – Get Free Report)’s stock price gapped down prior to trading 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 trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordea Bank in a research note on Wednesday, September 16th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Nordea Bank in a research report on Monday, July 20th. Finally, Citigroup reissued a “buy” rating on shares of Nordea Bank in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.
Check Out Our Latest Report on Nordea Bank
Nordea Bank Price Performance
The company has a debt-to-equity ratio of 6.79, a quick ratio of 1.18 and a current ratio of 1.18. The company has a 50-day simple moving average of $19.98 and a 200-day simple moving average of $19.26. The company has a market cap of $59.51 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 1.32 and a beta of 0.69.
Nordea Bank (OTCMKTS:NRDBY – Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The company reported $0.40 earnings per share for the quarter, hitting 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 return on equity of 15.06% and a net margin of 22.74%. As a group, research analysts predict that Nordea Bank AB will post 1.77 earnings per share for the current 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.
Read More
- Five stocks we like better than Nordea Bank
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
- 3 Stocks Delivering Bigger Dividends Despite Market Uncertainty
Receive News & Ratings for Nordea Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordea Bank and related companies with MarketBeat.com's FREE daily email newsletter.
