Kepler Capital Markets upgraded shares of Nordea Bank (OTCMKTS:NRDBY - Free Report) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.
A number of other brokerages have also recently issued reports on NRDBY. Nordea Equity Research cut shares of Nordea Bank from a "buy" rating to a "reduce" rating in a research report on Wednesday, May 21st. Barclays downgraded Nordea Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Finally, Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Nordea Bank presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Analysis on Nordea Bank
Nordea Bank Price Performance
Shares of Nordea Bank stock traded up $0.06 during mid-day trading on Monday, reaching $14.90. 151,306 shares of the stock were exchanged, compared to its average volume of 383,703. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 6.80. The company has a market cap of $51.70 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 4.49 and a beta of 0.69. Nordea Bank has a fifty-two week low of $10.30 and a fifty-two week high of $15.03. The firm has a 50-day simple moving average of $14.43 and a 200 day simple moving average of $13.16.
Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.36 earnings per share for the quarter. Nordea Bank had a net margin of 20.13% and a return on equity of 15.76%. The business had revenue of $3.13 billion for the quarter. On average, sell-side analysts predict that Nordea Bank will post 1.4 EPS for the current fiscal year.
About Nordea Bank
(
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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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