Nordea Bank Abp (OTCMKTS:NRDBY) Receives Consensus Rating of “Hold” by Brokerages

Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) has been assigned an average recommendation of “Hold” by the ten rating companies that cover the stock, reports One analyst rated the stock with a sell recommendation, three assigned a hold recommendation and four gave the company a buy recommendation. The average 1-year target price among analysts who have updated their coverage of the stock in the past year is $67.25.

Several research companies have weighed in on NRDBY. JPMorgan Chase & Co. lowered its price target on Nordea Bank Abp shares from SEK 130 to SEK 115 and set an “overweight” rating on the stock in a Monday, March 14 report. Deutsche Bank Aktiengesellschaft raised its price target on Nordea Bank Abp shares from €11.40 ($12.26) to €11.50 ($12.37) in a Tuesday, May 3 report. Credit Suisse Group raised its price target on Nordea Bank Abp shares from €9.50 ($10.22) to €9.60 ($10.32) and gave the company a “neutral” rating in a report on Friday, April 29. Barclays raised its price target on shares of Nordea Bank Abp from €10.40 ($11.18) to €11.20 ($12.04) in a Thursday May 12 report. Finally, Berenberg Bank raised its price target on Nordea Bank Abp shares from SEK 120 to SEK 125 and gave the stock a “buy” rating in a Thursday, March 3 report.

OTCMKTS: NRDBY opened at $10.02 on Tuesday. The company has a debt ratio of 6.46, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $37.97 billion, a price/earnings ratio of 10.44, a PEG ratio of 2.45 and a beta of 1.05. The company’s 50-day moving average is $10.16 and its two-hundred-day moving average is $11.12. Nordea Bank Abp has a 1-year low of $9.01 and a 1-year high of $13.29.

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The company also recently announced a dividend, which was paid on Monday, April 11. Investors of record on Monday, March 28 received a dividend of $0.488 per share. This represents a yield of 9.1%. The ex-dividend date was Friday, March 25. Nordea Bank Abp’s payout ratio is currently 48.96%.

About Nordea Bank Abp (Get a rating)

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark and internationally. It operates through Personal Banking, Business Banking, Corporates and Institutions, and Asset and Wealth Management segments. The Personal Banking segment provides various financial services to residential customers through internet and mobile banking, telephone, online meetings and branches.

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Analyst Recommendations for Nordea Bank Abp (OTCMKTS: NRDBY)

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