Nordea Bank AB (OTCMKTS:NRDBY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Nordea Bank AB has received a consensus rating of "Moderate Buy" from six brokerages, including ratings of sell, hold, buy, and strong buy from various analysts.
• The bank's most recent quarterly earnings report revealed $0.40 earnings per share with a revenue of $3.30 billion and a return on equity of 15.50%.
• As of Wednesday, Nordea Bank stock opened at $14.86, having a market capitalization of $51.48 billion and a 52-week price range between $10.30 and $15.28.

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

NRDBY has been the subject of several analyst reports. Kepler Capital Markets upgraded Nordea Bank from a "strong sell" rating to a "hold" rating in a report on Monday, July 7th. Nordea Equity Research lowered Nordea Bank from a "buy" rating to a "reduce" rating in a research report on Wednesday, May 21st. Barclays downgraded Nordea Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Finally, Citigroup reissued a "buy" rating on shares of Nordea Bank in a research report on Wednesday, May 21st.

Nordea Bank Stock Up 1.3%

Shares of OTCMKTS:NRDBY traded up $0.20 during midday trading on Wednesday, hitting $15.23. 159,791 shares of the company's stock were exchanged, compared to its average volume of 355,028. The company has a market cap of $52.76 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 2.96 and a beta of 0.67. The stock has a 50 day moving average price of $14.66 and a 200-day moving average price of $13.68. Nordea Bank has a 12 month low of $10.30 and a 12 month high of $15.28. The company has a debt-to-equity ratio of 6.60, a current ratio of 1.26 and a quick ratio of 1.26.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $0.40 earnings per share for the quarter. Nordea Bank had a net margin of 20.63% and a return on equity of 15.50%. The firm had revenue of $3.30 billion during the quarter. On average, sell-side analysts anticipate that Nordea Bank will post 1.4 EPS for the current fiscal year.

About Nordea Bank

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.