Nordea Bank Ab (NRBAY) Given Average Recommendation of “Hold” by Brokerages

Shares of Nordea Bank Ab (OTCMKTS:NRBAY) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several analysts have weighed in on the company. Zacks Investment Research downgraded Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Deutsche Bank raised Nordea Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Nordea Equity Research raised Nordea Bank to a “hold” rating in a research note on Wednesday, November 15th. Credit Suisse Group downgraded Nordea Bank from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Finally, UBS Group downgraded Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th.

Nordea Bank (OTCMKTS NRBAY) traded down $0.02 during trading hours on Wednesday, reaching $12.71. The company had a trading volume of 97,500 shares, compared to its average volume of 159,176. Nordea Bank has a twelve month low of $11.05 and a twelve month high of $13.87. The firm has a market cap of $51,540.00, a price-to-earnings ratio of 13.38 and a beta of 0.85. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 5.94.

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About Nordea Bank

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.

Analyst Recommendations for Nordea Bank (OTCMKTS:NRBAY)

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