Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) had its target price raised by equities researchers at JPMorgan Chase & Co. from SEK 125 to SEK 130 in a report issued on Tuesday, The Fly reports.
Other research analysts have also issued research reports about the company. Societe Generale upgraded 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 lowered their price target on Nordea Bank Abp from SEK 11.40 to SEK 9.80 and set an "equal weight" rating for the company in a research report on Tuesday, July 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Nordea Bank Abp from €11.40 ($11.52) to €11.50 ($11.62) in a research report on Tuesday, May 3rd. Credit Suisse Group lifted their price objective on shares of 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. Finally, Morgan Stanley raised 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 report on Tuesday, May 3rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $68.95.
Get Nordea Bank Abp alerts:Nordea Bank Abp Trading Down 2.0 %
Shares of Nordea Bank Abp stock opened at $9.35 on Tuesday. The stock has a market cap of $35.09 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08. The firm has a fifty day moving average price of $9.49 and a 200 day moving average price of $10.52. 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 has a 1 year low of $8.33 and a 1 year high of $13.29.
Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Nordea Bank Abp had a return on equity of 11.53% and a net margin of 33.58%. The company had revenue of $2.46 billion for the quarter. Equities research analysts predict that Nordea Bank Abp will post 0.99 earnings per share 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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