Nordea Bank AB (OTCMKTS:NRDBY) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Nordea Bank AB has received a consensus rating of "Hold" from six research firms, with ratings varying from strong sell to strong buy.
• Analysts have recently altered their positions on the stock, with Barclays downgrading it to "strong sell" and Nordea Equity Research lowering it to "reduce".
• As of the latest quarter, Nordea Bank reported $0.40 earnings per share and a revenue of $3.30 billion, with expectations to achieve an average of 1.4 earnings per share for the current fiscal year.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

Several analysts have recently weighed in on NRDBY shares. Barclays cut shares of Nordea Bank from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 21st. Nordea Equity Research lowered shares of Nordea Bank from a "buy" rating to a "reduce" rating in a report on Wednesday, May 21st. Kepler Capital Markets raised shares of Nordea Bank from a "strong sell" rating to a "hold" rating in a report on Monday, July 7th. Finally, Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a report on Wednesday, May 21st.

Nordea Bank Stock Performance

Nordea Bank stock opened at $15.34 on Friday. The firm's fifty day moving average price is $15.04 and its 200-day moving average price is $14.11. 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 stock has a market cap of $53.14 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. Nordea Bank has a fifty-two week low of $10.30 and a fifty-two week high of $16.15.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $0.40 earnings per share for the quarter. The firm had revenue of $3.30 billion for the quarter. Nordea Bank had a net margin of 20.63% and a return on equity of 15.50%. On average, equities research analysts expect that Nordea Bank will post 1.4 earnings per share 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.

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