Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) had its target price lowered by equities researchers at Barclays from SEK 11.40 to SEK 9.80 in a research note issued on Tuesday, The Fly reports. The brokerage presently has an "equal weight" rating on the stock.
A number of other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Nordea Bank Abp from €11.40 ($11.88) to €11.50 ($11.98) in a research note on Tuesday, May 3rd. Credit Suisse Group upped their target price on shares of Nordea Bank Abp from €9.50 ($9.90) to €9.60 ($10.00) and gave the company a "neutral" rating in a report on Friday, April 29th. Societe Generale raised shares of Nordea Bank Abp from a "hold" rating to a "buy" rating and set a €10.70 ($11.15) target price on the stock in a report on Friday, May 27th. JPMorgan Chase & Co. decreased their price target on shares of Nordea Bank Abp from SEK 130 to SEK 115 and set an "overweight" rating on the stock in a research note on Monday, March 14th. Finally, Morgan Stanley upped their price target on shares of Nordea Bank Abp from SEK 113 to SEK 118 and gave the company an "equal weight" rating in a research note on Tuesday, May 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $67.08.
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OTCMKTS:NRDBY opened at $8.53 on Tuesday. Nordea Bank Abp has a 1 year low of $8.33 and a 1 year high of $13.29. The firm has a 50 day moving average of $9.67 and a 200-day moving average of $10.74. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.46. The stock has a market capitalization of $32.01 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08.
Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) last released its earnings results on Thursday, April 28th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.05. Nordea Bank Abp had a net
margin of 34.47% and a return on equity of 11.50%. The firm had revenue of $2.46 billion during the quarter. As a group, analysts forecast that Nordea Bank Abp will post 0.99 EPS for the current fiscal year.
About Nordea Bank Abp (Get Rating)
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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