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

Key Points

• Analyst sentiment is moderately positive: Eight analysts give Nordea Bank an average “Moderate Buy” rating, with three buys, one strong buy, three holds and one sell. Citigroup and Deutsche Bank reiterated buy ratings, while Goldman Sachs maintained a neutral view.
• Nordea recently exceeded earnings expectations: The bank reported quarterly EPS of $0.42 versus the $0.40 consensus estimate and revenue of $3.47 billion, ahead of the $3.41 billion forecast.
• The stock was trading at $19.00, down 0.5%: Nordea has a market capitalization of $64.65 billion, a P/E ratio of 11.80 and a 52-week trading range of $16.33 to $21.39.

Shares of Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) 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 - Get Free Report) 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.

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