Nordea Bank (OTCMKTS:NRDBY) Shares Gap Down - Here's What Happened

Shares of Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $14.66, but opened at $13.94. Nordea Bank shares last traded at $13.95, with a volume of 8,604 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NRDBY shares. Barclays lowered Nordea Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Kepler Capital Markets upgraded shares of Nordea Bank from a "strong sell" rating to a "hold" rating in a research report on Monday, July 7th. Citigroup restated a "buy" rating on shares of Nordea Bank in a research report on Wednesday, May 21st. Finally, Nordea Equity Research cut shares of Nordea Bank from a "buy" rating to a "reduce" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Nordea Bank Stock Down 3.6%

The firm's 50-day simple moving average is $14.56 and its 200 day simple moving average is $13.33. The company has a debt-to-equity ratio of 6.80, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $49.03 billion, a P/E ratio of 9.42, a PEG ratio of 5.57 and a beta of 0.69.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $0.40 earnings per share for the quarter. Nordea Bank had a net margin of 20.13% and a return on equity of 15.76%. As a group, research analysts expect that Nordea Bank AB will post 1.4 EPS for the current 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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