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

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Nordea Bank Abp (OTCMKTS:NRDBY) has received an average recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company.

Several research analysts have commented on NRDBY shares. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank Abp in a report on Monday, February 8th. Berenberg Bank reissued a “buy” rating on shares of Nordea Bank Abp in a research note on Tuesday, February 23rd. Credit Suisse Group raised Nordea Bank Abp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordea Bank Abp in a report on Monday, February 8th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Nordea Bank Abp in a research report on Thursday, March 4th.

NRDBY traded up $0.07 during trading on Thursday, reaching $10.27. 113,755 shares of the company traded hands, compared to its average volume of 365,786. The company has a market cap of $41.59 billion, a P/E ratio of 15.80 and a beta of 1.20. The company has a debt-to-equity ratio of 5.78, a quick ratio of 1.45 and a current ratio of 1.45. Nordea Bank Abp has a 12-month low of $5.11 and a 12-month high of $10.35. The firm has a fifty day simple moving average of $9.77 and a 200 day simple moving average of $8.63.

Nordea Bank Abp (OTCMKTS:NRDBY) last issued its earnings results on Thursday, February 4th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $2.64 billion during the quarter. Nordea Bank Abp had a net margin of 21.75% and a return on equity of 7.15%.

The business also recently disclosed an annual dividend, which was paid on Monday, March 8th. Shareholders of record on Monday, February 22nd were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, February 19th. This represents a yield of 0.54%.

About Nordea Bank Abp

Nordea Bank Abp provides various banking products and services in Sweden, Finland, Norway, Denmark, and internationally. The company operates through Personal Banking, Business Banking, Large Corporates and Institutions, and Asset and Wealth Management segments. The Personal Banking segment offers 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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