Nordea Bank Abp (OTCMKTS:NRDBY) Rating Lowered to Hold at Barclays

Nordea Bank Abp (OTCMKTS:NRDBY) was downgraded by stock analysts at Barclays from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

NRDBY has been the subject of several other research reports. Citigroup reissued a “buy” rating on shares of Nordea Bank Abp in a research note on Wednesday, May 21st. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank Abp in a research note on Friday, March 7th. Kepler Capital Markets lowered shares of Nordea Bank Abp from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, May 21st. Finally, Nordea Equity Research lowered shares of Nordea Bank Abp from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Nordea Bank Abp currently has an average rating of “Hold”.

Nordea Bank Abp Price Performance

Shares of NRDBY opened at $14.54 on Monday. Nordea Bank Abp has a 1-year low of $10.30 and a 1-year high of $14.87. The stock has a market cap of $50.62 billion, a PE ratio of 9.38, a P/E/G ratio of 0.88 and a beta of 0.72. The firm has a 50-day simple moving average of $13.45 and a two-hundred day simple moving average of $12.59. The company has a debt-to-equity ratio of 6.03, a current ratio of 1.27 and a quick ratio of 1.29.

Nordea Bank Abp (OTCMKTS:NRDBY) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.36 earnings per share for the quarter. Nordea Bank Abp had a net margin of 19.84% and a return on equity of 16.29%. The business had revenue of $3.13 billion during the quarter. As a group, 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.