Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) had its price target increased by Credit Suisse Group from €9.20 ($9.29) to €9.60 ($9.70) in a research note issued to investors on Tuesday, The Fly reports.
A number of other equities research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Nordea Bank Abp from €11.40 ($11.52) to €11.50 ($11.62) in a report on Tuesday, May 3rd. Societe Generale raised Nordea Bank Abp from a hold rating to a buy rating and set a €10.70 ($10.81) price target on the stock in a report on Friday, May 27th. Barclays cut their price target on 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. Morgan Stanley lifted their price target on 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, JPMorgan Chase & Co. lifted their price target on Nordea Bank Abp from SEK 125 to SEK 130 in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Nordea Bank Abp has a consensus rating of Moderate Buy and an average price target of $68.95.
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Shares of NRDBY stock opened at $9.54 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 6.46. The business has a 50 day moving average of $9.49 and a two-hundred day moving average of $10.53. Nordea Bank Abp has a 52 week low of $8.33 and a 52 week high of $13.29. The company has a market cap of $35.80 billion, a P/E ratio of 9.94, a PEG ratio of 2.10 and a beta of 1.08.
Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) last issued its earnings results on Thursday, April 28th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.05. Nordea Bank Abp had a return on equity of 11.50% and a net margin of 34.47%. The company had revenue of $2.46 billion during the quarter. As a group, analysts anticipate that Nordea Bank Abp will post 0.99 EPS for the current year.About Nordea Bank Abp
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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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