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

Shares of Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) have earned an average recommendation of "Hold" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

Several research analysts recently issued reports on the stock. Morgan Stanley reissued an "overweight" rating on shares of Nordea Bank in a research note on Friday, March 7th. Barclays cut shares of Nordea Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a research report on Wednesday, May 21st. Kepler Capital Markets lowered Nordea Bank from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, May 21st. Finally, Nordea Equity Research cut Nordea Bank from a "buy" rating to a "reduce" rating in a research note on Wednesday, May 21st.

Nordea Bank Trading Up 0.2%

Nordea Bank stock traded up $0.03 during trading hours on Tuesday, reaching $14.35. 165,271 shares of the company's stock were exchanged, compared to its average volume of 399,625. The firm's 50 day simple moving average is $14.03 and its 200 day simple moving average is $12.85. Nordea Bank has a twelve month low of $10.30 and a twelve month high of $14.87. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 6.80. The firm has a market capitalization of $49.79 billion, a PE ratio of 9.57, a PEG ratio of 4.31 and a beta of 0.70.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.36 earnings per share (EPS) for the quarter. The firm had revenue of $3.13 billion for the quarter. Nordea Bank had a return on equity of 15.76% and a net margin of 20.13%. Research analysts predict 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.