Nordea Bank Abp (OTCMKTS:NRDBY) Given Average Rating of “Hold” by Brokerages

Nordea Bank Abp (OTCMKTS:NRDBYGet Rating) has been assigned an average rating of “Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $75.90.

NRDBY has been the topic of a number of recent research reports. Barclays decreased their target price on Nordea Bank Abp from €10.60 ($11.52) to €10.40 ($11.30) in a research report on Wednesday, April 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Nordea Bank Abp from €12.60 ($13.70) to €11.40 ($12.39) and set a “buy” rating for the company in a research note on Wednesday, April 6th. Credit Suisse Group dropped their price objective on shares of Nordea Bank Abp from €9.60 ($10.43) to €9.50 ($10.33) and set a “neutral” rating for the company in a research report on Friday, April 8th. Pareto Securities cut shares of Nordea Bank Abp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Nordea Bank Abp from SEK 130 to SEK 115 and set an “overweight” rating for the company in a report on Monday, March 14th.

Shares of OTCMKTS:NRDBY opened at $10.25 on Monday. Nordea Bank Abp has a one year low of $9.01 and a one year high of $13.29. The stock has a fifty day moving average of $10.86 and a 200-day moving average of $11.73. The company has a market capitalization of $39.57 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 5.08 and a beta of 1.12. The company has a debt-to-equity ratio of 5.45, a quick ratio of 1.42 and a current ratio of 1.40.

Nordea Bank Abp (OTCMKTS:NRDBYGet Rating) last issued its earnings results on Thursday, February 3rd. The company reported $0.30 EPS for the quarter. Nordea Bank Abp had a return on equity of 10.76% and a net margin of 40.33%. The business had revenue of $2.79 billion during the quarter. As a group, research analysts forecast that Nordea Bank Abp will post 0.93 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Monday, April 11th. Stockholders of record on Monday, March 28th were issued a dividend of $0.488 per share. This represents a dividend yield of 9.1%. The ex-dividend date was Friday, March 25th. Nordea Bank Abp’s dividend payout ratio is currently 41.96%.

About Nordea Bank Abp (Get Rating)

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates and Institutions, and Asset and Wealth Management segments. The Personal Banking segment provides various financial services to household customers through internet and mobile banking, over the phone, online meetings, and branch offices.

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