Nordea Bank AB (OTCMKTS:NRDBY) Receives Consensus 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.

Shares of Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research analysts have recently commented on NRDBY shares. Kepler Capital Markets upgraded Nordea Bank from a "strong sell" rating to a "hold" rating in a research report on Monday, July 7th. Nordea Equity Research lowered Nordea Bank from a "buy" rating to a "reduce" rating in a research note on Wednesday, May 21st. Citigroup restated a "buy" rating on shares of Nordea Bank in a research note on Wednesday, May 21st. Finally, Barclays lowered Nordea Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd.

Nordea Bank Stock Performance

Shares of OTCMKTS NRDBY traded up $0.20 during midday trading on Wednesday, hitting $15.44. 132,680 shares of the company's stock traded hands, compared to its average volume of 186,317. Nordea Bank has a 1 year low of $10.30 and a 1 year high of $15.44. The stock has a market capitalization of $53.49 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 3.04 and a beta of 0.67. The company has a debt-to-equity ratio of 6.60, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a fifty day moving average of $14.69 and a 200 day moving average of $13.73.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $0.40 earnings per share (EPS) for the quarter. Nordea Bank had a net margin of 20.63% and a return on equity of 15.50%. The company had revenue of $3.30 billion during the quarter. On average, analysts forecast 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.