Nordea Bank (OTCMKTS:NRDBY) Rating Lowered to Strong Sell at Barclays

Key Points

• Barclays has downgraded Nordea Bank from a "hold" rating to a "strong sell" rating, indicating a significant shift in analyst sentiment.
• In contrast, other firms like Kepler Capital Markets upgraded Nordea Bank to a "hold," while Citigroup maintained a "buy" rating, showing mixed opinions among analysts.
• The stock of Nordea Bank has a current market capitalization of $54.52 billion and a price-to-earnings ratio of 10.49, reflecting its valuation amidst recent analyst activities.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) was downgraded by investment analysts at Barclays from a "hold" rating to a "strong sell" rating in a research note issued on Thursday, August 21st,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Nordea Equity Research downgraded Nordea Bank from a "buy" rating to a "reduce" rating in a report on Wednesday, May 21st. Kepler Capital Markets raised Nordea Bank from a "strong sell" rating to a "hold" rating in a report on Monday, July 7th. Finally, Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Nordea Bank has a consensus rating of "Hold".

Nordea Bank Price Performance

Shares of Nordea Bank stock traded up $0.06 during trading on Thursday, hitting $15.39. The stock had a trading volume of 78,096 shares, compared to its average volume of 339,336. The company has a debt-to-equity ratio of 6.60, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $53.31 billion, a P/E ratio of 10.26, a PEG ratio of 3.11 and a beta of 0.67. The business has a fifty day moving average of $15.00 and a two-hundred day moving average of $14.05. Nordea Bank has a fifty-two week low of $10.30 and a fifty-two week high of $16.15.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $0.40 EPS for the quarter. Nordea Bank had a return on equity of 15.50% and a net margin of 20.63%.The business had revenue of $3.30 billion during the quarter. On average, sell-side analysts expect that Nordea Bank will post 1.4 earnings per share for the current fiscal year.

About Nordea Bank

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.