Nordea Bank Abp (OTCMKTS:NRDBY) Receives Average “Hold” Recommendation From Brokerages

Shares of Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) received an average rating of “Hold” from the ten research firms that currently cover the company, Marketbeat reports. One analyst rated the stock with a sell rating, three gave the company a hold rating and four gave the company a buy rating. The year-over-year average target price among brokerages that have updated their coverage on the stock over the past year is $75.33.

NRDBY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised its price target on Nordea Bank Abp shares from €11.40 ($12.00) to €11.50 ($12.11) in a Tuesday, May 3 research note. UBS Group raised its price target on Nordea Bank Abp shares from SEK 127 to SEK 137 and gave the stock a “buy” rating in a Friday, February 4 research note. Morgan Stanley raised its price target on Nordea Bank Abp shares from SEK 113 to SEK 118 and gave the company an “equal weight” rating in a Tuesday, May 3 research note. Pareto Securities upgraded Nordea Bank Abp’s shares from a “buy” rating to a “hold” rating in a Tuesday, January 18 research note. Finally, Credit Suisse Group raised its price target on Nordea Bank Abp shares from €9.50 ($10.00) to €9.60 ($10.11) and assigned the company a ” neutral” in a research note from Friday, April 29.

Shares of 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 stock has a market capitalization of $36.62 billion, a P/E ratio of 9.94, a P/E/G ratio of 4.82 and a beta of 1.05. The company has a current ratio of 1.40, a quick ratio of 1.42 and a debt ratio of 5.45. The company has a 50-day simple moving average of $10.34 and a two-hundred-day simple moving average of $11.42.

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The company also recently disclosed 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 dividend 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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