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

Shares of Nordea Bank AB (OTCMKTS:NRDBY) have received an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company.

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

Nordea Bank Stock Down 0.5%

NRDBY opened at $19.00 on Thursday. The firm has a market cap of $64.65 billion, a P/E ratio of 11.80, a PEG ratio of 1.43 and a beta of 0.69. The business’s fifty day simple moving average is $20.09 and its 200 day simple moving average is $19.27. Nordea Bank has a 52 week low of $16.33 and a 52 week high of $21.39. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.79.

Nordea Bank (OTCMKTS:NRDBY) last announced its earnings results on Thursday, July 16th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%. As a group, equities research analysts anticipate that Nordea Bank will post 1.77 EPS for the current fiscal year.

Nordea Bank Company Profile

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.