Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) had its price objective upped by stock analysts at JPMorgan Chase & Co. from SEK 125 to SEK 130 in a research report issued on Tuesday, The Fly reports.
A number of other equities research analysts have also commented on the company. Morgan Stanley upped their price target on Nordea Bank Abp from SEK 113 to SEK 118 and gave the company an "equal weight" rating in a research report on Tuesday, May 3rd. Credit Suisse Group upped their target price on Nordea Bank Abp from €9.50 ($9.60) to €9.60 ($9.70) and gave the company a "neutral" rating in a report on Friday, April 29th. Barclays dropped 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 research report on Tuesday, July 5th. Societe Generale raised shares of Nordea Bank Abp from a "hold" rating to a "buy" rating and set a €10.70 ($10.81) price objective on the stock in a research note on Friday, May 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Nordea Bank Abp from €11.40 ($11.52) to €11.50 ($11.62) in a research note on Tuesday, May 3rd. 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $68.95.
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Shares of NRDBY stock opened at $9.35 on Tuesday. The business's 50-day moving average price is $9.49 and its 200-day moving average price is $10.52. The firm has a market capitalization of $35.09 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 2.24 and a beta of 1.08. Nordea Bank Abp has a 12 month low of $8.33 and a 12 month high of $13.29. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.46.
Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $2.46 billion during the quarter. Nordea Bank Abp had a net margin of 33.58% and a return on equity of 11.53%. Equities research analysts forecast 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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