Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) had its price objective dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from €11.90 ($12.27) to €11.50 ($11.86) in a report released on Monday, The Fly reports. The brokerage currently has a "buy" rating on the stock.

NRDBY has been the topic of a number of other research reports. Barclays decreased their price target on shares of Nordea Bank Abp from SEK 11.40 to SEK 9.80 and set an "equal weight" rating on the stock in a report on Tuesday, July 5th. JPMorgan Chase & Co. increased their price target on shares of Nordea Bank Abp from SEK 125 to SEK 130 in a report on Tuesday, July 19th. Societe Generale raised shares of Nordea Bank Abp from a "hold" rating to a "buy" rating and set a €10.70 ($11.03) target price on the stock in a report on Friday, May 27th. Morgan Stanley increased their target price on shares of Nordea Bank Abp from SEK 113 to SEK 118 and gave the company an "equal weight" rating in a report on Tuesday, May 3rd. Finally, Credit Suisse Group increased their target price on shares of Nordea Bank Abp from €9.20 ($9.48) to €9.60 ($9.90) in a report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Nordea Bank Abp currently has an average rating of "Moderate Buy" and a consensus price target of $68.95.

Nordea Bank Abp Price Performance

Shares of OTCMKTS:NRDBY opened at $9.70 on Monday. The company's fifty day moving average price is $9.45 and its 200-day moving average price is $10.32. The firm has a market capitalization of $36.40 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 2.43 and a beta of 1.10. Nordea Bank Abp has a one year low of $8.33 and a one year high of $13.29. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.38 and a quick ratio of 1.38.

Nordea Bank Abp Company Profile

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

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