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

Nordea Bank AB (OTCMKTS:NRDBY) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company.

A number of analysts recently weighed in on the stock. Citigroup restated a “buy” rating on shares of Nordea Bank in a report on Friday, July 17th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Nordea Bank in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordea Bank in a research report on Wednesday, September 16th.

Nordea Bank Stock Up 0.1%

Nordea Bank stock opened at $18.10 on Monday. The company has a debt-to-equity ratio of 6.79, a quick ratio of 1.18 and a current ratio of 1.18. Nordea Bank has a one year low of $16.35 and a one year high of $21.39. The company has a 50-day simple moving average of $19.20 and a 200-day simple moving average of $19.10. The firm has a market capitalization of $61.59 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.35 and a beta of 0.75.

Nordea Bank (OTCMKTS:NRDBY) last announced its earnings results on Thursday, October 15th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. Nordea Bank had a net margin of 22.74% and a return on equity of 15.06%. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.37 billion. As a group, equities analysts expect that Nordea Bank will post 1.77 earnings per share for the current year.

Nordea Bank Company Profile

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.

The group took shape through the consolidation of several Nordic banks, with the merger that created Nordea completed in 2000.