Nordea Bank Abp (OTCMKTS:NRDBY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Nordea Bank Abp (OTCMKTS:NRDBY) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts recently commented on the company. Kepler Capital Markets lowered Nordea Bank Abp from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, May 21st. Nordea Equity Research lowered Nordea Bank Abp from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 21st. Barclays reaffirmed an “overweight” rating on shares of Nordea Bank Abp in a research note on Monday, February 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank Abp in a research note on Friday, March 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Nordea Bank Abp in a research note on Wednesday, May 21st.

Nordea Bank Abp Stock Performance

NRDBY opened at $14.51 on Friday. The stock has a market cap of $50.50 billion, a PE ratio of 9.36, 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. Nordea Bank Abp has a 1 year low of $10.30 and a 1 year high of $14.87. The stock’s 50 day simple moving average is $13.32 and its 200-day simple moving average is $12.48.

Nordea Bank Abp (OTCMKTS:NRDBY) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $3.13 billion for the quarter. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%. Sell-side analysts forecast that Nordea Bank Abp will post 1.4 EPS 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.