Nordea Bank Abp (OTCMKTS:NRDBY) Receives Consensus Rating of "Moderate Buy" from Brokerages

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company.

NRDBY has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Nordea Bank Abp in a research note on Friday, March 7th. Citigroup restated a "buy" rating on shares of Nordea Bank Abp in a research report on Wednesday. Barclays reaffirmed an "overweight" rating on shares of Nordea Bank Abp in a report on Monday, February 3rd. Nordea Equity Research lowered Nordea Bank Abp from a "buy" rating to a "reduce" rating in a research note on Wednesday. Finally, Kepler Capital Markets lowered Nordea Bank Abp from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday.

Nordea Bank Abp Stock Down 0.8%

Nordea Bank Abp stock opened at $14.53 on Friday. Nordea Bank Abp has a 1-year low of $10.30 and a 1-year high of $14.87. The firm has a market capitalization of $50.57 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 0.88 and a beta of 0.72. The company has a current ratio of 1.27, a quick ratio of 1.29 and a debt-to-equity ratio of 6.03. The firm has a 50 day simple moving average of $13.32 and a 200 day simple moving average of $12.42.

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.36 earnings per share for the quarter. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%. The company had revenue of $3.13 billion during the quarter. On average, analysts predict that Nordea Bank Abp will post 1.4 earnings per share for the current year.

About Nordea Bank Abp

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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