Nordea Bank AB (OTCMKTS:NRDBY) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Nordea Bank has a “Moderate Buy” consensus rating from eight analysts: three buys, one strong buy, three holds and one sell.
• Deutsche Bank and Citigroup reaffirmed “buy” ratings, while Goldman Sachs maintained a “neutral” view.
• Nordea exceeded quarterly expectations, reporting $0.42 EPS versus $0.40 expected and revenue of $3.47 billion versus $3.41 billion forecast.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Nordea Bank in a report on Wednesday. The Goldman Sachs Group reiterated a "neutral" rating on shares of Nordea Bank in a research report on Monday, July 20th. Finally, Citigroup reissued a "buy" rating on shares of Nordea Bank in a research note on Friday, July 17th.

Nordea Bank Stock Performance

Shares of NRDBY opened at $20.19 on Friday. 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 has a market capitalization of $68.70 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.51 and a beta of 0.63. The company's fifty day moving average is $20.09 and its two-hundred day moving average is $19.08. Nordea Bank has a 1 year low of $16.06 and a 1 year high of $21.39.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The company 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%. On average, sell-side analysts predict that Nordea Bank will post 1.81 earnings per share for the current year.

Nordea Bank Company Profile

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.

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