Nordea Bank AB (OTCMKTS:NRDBY) Receives Average Recommendation of “Buy” from Analysts

Shares of Nordea Bank AB (OTCMKTS:NRDBY) have been given a consensus recommendation of “Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a buy rating and two have issued a strong buy rating on the company.

A number of research firms have commented on NRDBY. Zacks Research raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a research note on Monday. Citigroup restated a “buy” rating on shares of Nordea Bank in a report on Thursday, October 9th. Barclays cut shares of Nordea Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, August 21st. Finally, Nordea Equity Research upgraded shares of Nordea Bank from a “reduce” rating to a “buy” rating in a report on Thursday, November 6th.

Nordea Bank Stock Up 1.3%

Shares of OTCMKTS NRDBY opened at $17.80 on Monday. The company has a market cap of $61.42 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 3.02 and a beta of 0.66. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 6.32. The firm’s fifty day moving average is $16.82 and its 200 day moving average is $15.62. Nordea Bank has a 52 week low of $10.30 and a 52 week high of $17.82.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings results on Thursday, October 16th. The company reported $0.42 earnings per share (EPS) for the quarter. The business had revenue of $3.40 billion for the quarter. Nordea Bank had a net margin of 21.42% and a return on equity of 15.38%. On average, equities research analysts expect that Nordea Bank will post 1.4 earnings per share for the current year.

Nordea Bank Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.