Nordea Bank AB (OTCMKTS:NRDBY) Receives Average Rating of “Moderate Buy” from Brokerages

Nordea Bank AB (OTCMKTS:NRDBY) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company.

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

Nordea Bank Price Performance

NRDBY stock opened at $20.52 on Friday. Nordea Bank has a 1 year low of $16.06 and a 1 year high of $21.39. 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 stock’s 50 day moving average price is $20.21 and its 200 day moving average price is $19.15. The firm has a market cap of $69.84 billion, a P/E ratio of 12.75, a PEG ratio of 1.53 and a beta of 0.63.

Nordea Bank (OTCMKTS:NRDBY) last announced its earnings results on Thursday, July 16th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%. On average, sell-side analysts expect that Nordea Bank will post 1.81 earnings per share for the current fiscal year.

About Nordea Bank

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland, serving personal, business and institutional customers across the Nordic region. Its primary markets are Finland, Sweden, Norway and Denmark, with additional operations supporting selected international and Baltic customers.

The company provides retail banking services such as deposit accounts, mortgages, consumer finance, payment solutions, cards and digital banking. Nordea also offers corporate and investment banking, including lending, cash management, financial markets, advisory and capital-markets services.