Nordea Bank Ab (NRBAY) Given Average Rating of “Hold” by Brokerages
Nordea Bank Ab (OTCMKTS:NRBAY) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company.
Several analysts have recently weighed in on the stock. UBS Group downgraded shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Deutsche Bank raised shares of Nordea Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Nordea Equity Research raised shares of Nordea Bank to a “hold” rating in a research note on Wednesday, November 15th. Finally, Credit Suisse Group downgraded shares of Nordea Bank from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th.
Shares of Nordea Bank (NRBAY) opened at $12.40 on Wednesday. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.45 and a current ratio of 1.45. Nordea Bank has a 12 month low of $10.79 and a 12 month high of $13.87. The firm has a market cap of $49,790.00, a P/E ratio of 13.05 and a beta of 0.85.
Nordea Bank Company Profile
Nordea Bank AB (publ) provides various banking products and services to individuals, and corporate and institutional customers. It operates through Personal Banking, Commercial & Business Banking, Wholesale Banking, and Wealth Management segments. The company offers deposits, cards, lending products, and net banking services; cash management services; trade and project finance services; asset based financing through leasing, hire purchase, and factoring; and investment, savings, and risk management products, as well as finance products to partners, such as vendors, dealers, and retailers.
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