NORDEA Bk AB SW/S (NRBAY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of NORDEA Bk AB SW/S (OTCMKTS:NRBAY) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company.

A number of brokerages have recently commented on NRBAY. ValuEngine downgraded NORDEA Bk AB SW/S from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded NORDEA Bk AB SW/S from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th.

NORDEA Bk AB SW/S stock traded down $0.05 during trading hours on Friday, hitting $11.02. 252,302 shares of the stock traded hands, compared to its average volume of 482,694. The company has a market cap of $44.63 billion, a PE ratio of 12.96 and a beta of 0.58. NORDEA Bk AB SW/S has a 1 year low of $9.37 and a 1 year high of $13.82.

NORDEA Bk AB SW/S (OTCMKTS:NRBAY) last posted its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.11. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.70 billion. NORDEA Bk AB SW/S had a return on equity of 10.57% and a net margin of 31.44%. Analysts expect that NORDEA Bk AB SW/S will post 0.85 EPS for the current fiscal year.

NORDEA Bk AB SW/S Company Profile

Nordea Bank AB (publ) provides various banking products and services for personal customers, small and medium business, and corporates and financial institutions in the Nordic and Baltic Sea region. It operates through Personal Banking, Commercial & Business Banking, Wholesale Banking, and Wealth Management segments.

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Analyst Recommendations for NORDEA Bk AB SW/S (OTCMKTS:NRBAY)

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