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Nationwide Building Society ( (GB:NBS) ) has shared an announcement.
Nationwide Building Society has announced the issuance of £400 million Fixed Rate Reset Tier 2 Subordinated Notes due July 2036 under its $35 billion European Note Programme. This move is part of Nationwide’s strategy to strengthen its capital base, potentially enhancing its financial stability and market competitiveness.
The most recent analyst rating on (GB:NBS) stock is a Hold with a £13768.00 price target. To see the full list of analyst forecasts on Nationwide Building Society stock, see the GB:NBS Stock Forecast page.
Spark’s Take on GB:NBS Stock
According to Spark, TipRanks’ AI Analyst, GB:NBS is a Neutral.
Nationwide Building Society’s overall stock score reflects a stable financial performance with strong revenue growth and profitability. However, high leverage and recent negative cash flow trends pose risks. The technical analysis indicates bearish momentum, while the corporate events suggest strategic financial strengthening. The low P/E ratio may indicate undervaluation, but the lack of a dividend yield is a drawback for income investors.
To see Spark’s full report on GB:NBS stock, click here.
More about Nationwide Building Society
Nationwide Building Society operates in the financial services industry, primarily offering banking and lending services. It is known for its focus on providing mortgages, savings accounts, and other financial products to its customers.
Average Trading Volume: 697
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.37B
Find detailed analytics on NBS stock on TipRanks’ Stock Analysis page.