Nordea Bank Abp (OTCMKTS:NRDBY) Given Average Recommendation of “Hold” by Analysts

Shares of Nordea Bank Abp (OTCMKTS:NRDBYGet Rating) have earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $75.33.

NRDBY has been the topic of a number of analyst reports. Credit Suisse Group raised their price target on Nordea Bank Abp from €9.50 ($10.00) to €9.60 ($10.11) and gave the company a “neutral” rating in a research note on Friday, April 29th. UBS Group lifted their target price on Nordea Bank Abp from SEK 127 to SEK 137 and gave the stock a “buy” rating in a research report on Friday, February 4th. Berenberg Bank lifted their target price on Nordea Bank Abp from SEK 120 to SEK 125 and gave the stock a “buy” rating in a research report on Thursday, March 3rd. Morgan Stanley raised their price target on Nordea Bank Abp from SEK 113 to SEK 118 and gave the stock an “equal weight” rating in a report on Tuesday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Nordea Bank Abp from €11.40 ($12.00) to €11.50 ($12.11) in a report on Tuesday, May 3rd.

Shares of OTCMKTS NRDBY opened at $9.54 on Friday. Nordea Bank Abp has a 12-month low of $9.01 and a 12-month high of $13.29. The company has a current ratio of 1.40, a quick ratio of 1.42 and a debt-to-equity ratio of 5.45. The stock has a market cap of $36.62 billion, a P/E ratio of 9.94, a PEG ratio of 4.82 and a beta of 1.05. The business’s fifty day simple moving average is $10.34 and its 200-day simple moving average is $11.42.

The business also recently disclosed a dividend, which was paid on Monday, April 11th. Stockholders of record on Monday, March 28th were paid a dividend of $0.488 per share. The ex-dividend date was Friday, March 25th. This represents a dividend yield of 9.1%. Nordea Bank Abp’s dividend payout ratio is presently 48.96%.

Nordea Bank Abp Company Profile (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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Analyst Recommendations for Nordea Bank Abp (OTCMKTS:NRDBY)

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