December 1, 2023

Investment Banking

Let Your Investment Banking Do The Walking

Analysts have given Nordea Bank Abp (OTCMKTS:NRDBY) an average rating of “Moderate Buy.”

According to Bloomberg Ratings, the ten analysts following Nordea Bank Abp (OTCMKTS: NRDBY) have given the stock a recommendation of “Hold” as the consensus rating. This rating was determined by the analysts’ ratings and opinions regarding the stock. Two buy ratings, and three hold ratings have been given to the stock by investment professionals, making it appear to have a mixed recommendation. The number 78.70 is the average price target that brokerage firms that have updated their stock coverage in the past year have set for it in terms of their price estimate for the next 12 months.

Regarding the stock, a great number of analysts who specialize in equity research have published articles. Barclays lowered their price target for Nordea Bank AB shares in a research note published on Thursday, October 6. The new price target is €10.30 ($10.96), down from €10.40 ($11.06). Credit Suisse Group decreased their price target on shares of Nordea Bank AB in a research report published on Monday, October 24. The new price target for the company’s stock is €9.50 ($10.11), down from €10.00 ($10.64). Deutsche Bank Aktiengesellschaft, in a research note published on Wednesday, November 2, raised their price target on shares of Nordea Bank AB from €11.60 ($12.34) to €11.80 ($12.55), which puts the price at $12.55. JPMorgan Chase & Co. increased their target price for Nordea Bank AB shares from SEK 130 to SEK 140 in a research note published on Wednesday, October 26. In a research note published on Wednesday, October 26, Berenberg Bank raised its target price for Nordea Bank ABP shares from SEK 125 to SEK 132.
On Friday, the price of a share of NRDBY was $10.67 when trading was first initiated. The debt-to-equity ratio is calculated to be 6.30, the current ratio is calculated to be 1.37, and the quick ratio is also calculated to be 1.37. The company has a price-to-earnings ratio of 11.35, a PEG ratio of 1.11, and a beta value of 1.13, and its market capitalization is currently sitting at $39.22 billion. The moving averages for the past 50 days at the company are $10.08, while the moving averages for the past 200 days are $9.56. Over the previous twelve months, the price of Nordea Bank ABP ranged from a low of $8.33 to a high of $13.29.

On Thursday, October 20, Nordea Bank Abp (OTCMKTS: NRDBY) released its most recent quarterly earnings report. The report was for their fiscal year ending in the previous quarter. The company’s quarterly earnings came in at $0.27 per share, which was $0.01 more than the average analyst projection of $0.26 per share for the quarter. The company’s revenue for the time above period was calculated to be $2.26 billion. The 12.57% return on equity and the 32.08% profit margin that Nordea Bank AB achieved indicate that the bank’s overall performance was very satisfying. The current financial year is expected to result in earnings of $1.08 per share for Nordea Bank AB, according to projections made by market analysts.

Customers can access the banking products and services Nordea Bank ABP provides in several countries worldwide, including Sweden, Finland, Norway, and Denmark, to name just a few of those countries. Its primary lines of business include investment banking, commercial banking, banking for large corporations and institutions, personal banking, commercial banking, asset and wealth management, and investment banking. Customers who have personal banking accounts have access to a wide variety of financial services through several different channels. These channels include traditional branch locations, mobile banking, online and mobile banking, the telephone, and online meetings.