Nordea Bank Abp (NRDBY) Stock Forecast & Price Target

$11.72

-0.08 (-0.68%)

(As of 10/31/2024 ET)

Nordea Bank Abp - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Strong Buy

Based on 1 Analyst Ratings

Sell
0

Hold
0

Buy
1

Based on 1 Wall Street analysts who have issued ratings for Nordea Bank Abp in the last 12 months, the stock has a consensus rating of "Strong Buy." Out of the 1 analysts, 1 has given a strong buy rating for NRDBY.

Consensus Price Target

N/A

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NRDBY Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	N/A	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	N/A	0 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	N/A	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	N/A	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Strong Buy	Strong Buy	N/A	Hold

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NRDBY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NRDBY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nordea Bank Abp Stock vs. The Competition

Type	Nordea Bank Abp	Finance Companies	S&P 500
Consensus Rating Score	4.00	2.48	2.50
Consensus Rating	Strong Buy	Hold	Hold
Predicted Upside	N/A	15.78% Upside	10.63% Upside
News Sentiment Rating	Positive News See Recent NRDBY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
9/27/2024	The Goldman Sachs Group 2 of 5 stars	C. Hallam Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
11/2/2022	Deutsche Bank Aktiengesellschaft 3 of 5 stars	Kazim Andac Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		€11.60 ➝ €11.80

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:46 PM ET.

Should I Buy Nordea Bank Abp Stock? NRDBY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 18, 2024. Please send any questions or comments about these Nordea Bank Abp pros and cons to contact@marketbeat.com.

Nordea Bank Abp
Bull Case

Here are some ways that investors could benefit from investing in Nordea Bank Abp:

Nordea Bank Abp has shown a consistent increase in short interest, indicating potential market interest and volatility.
The recent upgrade to a "strong-buy" rating by The Goldman Sachs Group could signal positive momentum and confidence in the company's future performance.
With a low price-to-earnings ratio of 7.71 and a PEG ratio of 0.75, Nordea Bank Abp may be considered undervalued compared to its earnings growth potential.
The company's return on equity of 16.82% showcases its ability to generate profit from shareholders' equity, a key metric for investors assessing financial performance.
Despite market fluctuations, Nordea Bank Abp has maintained a stable market capitalization of $41.89 billion, indicating resilience and investor confidence.

Nordea Bank Abp
Bear Case

Investors should be bearish about investing in Nordea Bank Abp for these reasons:

While the stock price has shown some volatility, the current price of $11.95 may not present significant short-term growth potential for investors.
The debt-to-equity ratio of 6.78 indicates a high level of debt relative to equity, which could pose risks in times of economic uncertainty or interest rate changes.
Despite positive earnings results, Nordea Bank Abp's net margin of 19.60% may be considered relatively low compared to industry peers, impacting overall profitability.
Market analysts' consensus estimate of 1.52 earnings per share for the current year may already be priced into the stock, limiting potential upside for investors.
While the company operates in multiple countries, international exposure can also bring currency exchange risks and regulatory challenges that may affect financial performance.

NRDBY Forecast - Frequently Asked Questions

: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordea Bank Abp in the last twelve months. There is currently 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "strong buy" NRDBY shares.
: According to analysts, Nordea Bank Abp's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Nordea Bank Abp's stock had 1 upgrade by analysts.
: Nordea Bank Abp has been rated by research analysts at The Goldman Sachs Group in the past 90 days.
: Analysts like Nordea Bank Abp more than other "finance" companies. The consensus rating for Nordea Bank Abp is Strong Buy while the average consensus rating for "finance" companies is Hold. Learn more on how NRDBY compares to other companies.

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This page (OTCMKTS:NRDBY) was last updated on 10/31/2024 by MarketBeat.com Staff

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Nordea Bank Abp (NRDBY) Stock Forecast & Price Target