Jefferies keeps EUR 20.60 target for Nordea stock, 29.80 percent above price

Published on 10/16/2026 at 15:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 operating profit reached EUR 1.541 billion on October 15, 2026. Nordea stock costs EUR 15.87 on October 16, 2026 at 3:11 p.m. CEST.

Analyst target and reporting date

Jefferies maintained its EUR 20.60 Nordea target on October 15, 2026.
Nordea reported EUR 1.541 billion in third-quarter operating profit on October 15, 2026, with a 15.10 percent return on equity.
Nordea stock costs EUR 15.87 at Lang & Schwarz on October 16, 2026 at 3:11 p.m. CEST.
Nordea plans to publish fourth-quarter and full-year 2026 results on January 28, 2027.

Flatlay generischer Finanzobjekte: Karte, Zertifikat, Kreditkarte, Euro-Geldschein, unbrandet — Nordea Bank Abp (FI4000297767): Flatlay mit generischer ISIN-Karte, Aktienzertifikat, Kreditkarte und Euro-Banknote, unbrandet, Illustration mit AI erstellt.

Jefferies maintained its Buy rating and EUR 20.60 price target for Nordea on October 15, 2026, putting the target 29.80 percent above the Lang & Schwarz price of EUR 15.87. According to Business Insider, analyst Alex Demetriou kept the Buy rating and the EUR 20.60 target in a report released that day. Nordea stock was trading at EUR 15.87 at Lang & Schwarz on October 16, 2026 at 3:11 p.m. CEST.

Third-quarter operating profit reaches EUR 1.541 billion

Nordea reported EUR 1.541 billion in operating profit for the third quarter of 2026, alongside a 15.10 percent return on equity and a 15.8 percent CET1 ratio. The bank also reported total assets of EUR 705 billion and assets under management of EUR 509 billion for the same period, according to Nordea.

Valuation and upcoming reporting date

The finance profile places Nordea at a P/E ratio of 11.57 and a market capitalization of SEK 601.0 billion as of October 16, 2026. The target distance is calculated in euros from EUR 15.87 to EUR 20.60, while the valuation figures remain in the quotation currency of Nordea's Swedish listing.

Nordea's investor calendar points to January 28, 2027 for fourth-quarter and full-year 2026 results. The date is also carried by PR Newswire, which reported the bank's third-quarter release on October 15, 2026.

Comparison with peers

Nordea Bank Abp: P/E 11.57, market capitalization SEK 601.0 billion
Swedbank (Nasdaq Stockholm, SEK): plus 0.55 percent, P/E 14.44, market capitalization SEK 448.4 billion
DNB Bank (Oslo Stock Exchange, NOK): plus 0.59 percent, P/E 11.10, market capitalization NOK 439.7 billion

Nordea market details

Nordea's primary listing is Nasdaq Helsinki under ticker NDA, while its German listing uses ticker 04Q. A market-data profile identifies the Helsinki listing and ISIN FI4000297767, and the search record identifies WKN A2N6F4 for the German quotation. Nordea operates across personal banking, business banking, large corporates and institutions, and asset and wealth management.

The further course of trading is shown by the continuously updated real-time quote of Nordea stock.