Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) has been assigned a consensus rating of "Moderate Buy" from the nine research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $68.95.
NRDBY has been the subject of several recent research reports. Barclays decreased their price objective on Nordea Bank Abp from SEK 11.40 to SEK 9.80 and set an "equal weight" rating for the company in a report on Tuesday, July 5th. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on Nordea Bank Abp from SEK 125 to SEK 130 in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Nordea Bank Abp from €11.40 ($11.63) to €11.50 ($11.73) in a report on Tuesday, May 3rd. Finally, Societe Generale upgraded Nordea Bank Abp from a "hold" rating to a "buy" rating and set a €10.70 ($10.92) price objective for the company in a report on Friday, May 27th.
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Shares of NRDBY stock opened at $9.47 on Wednesday. The company has a market cap of $35.54 billion, a P/E ratio of 9.86, a PEG ratio of 2.30 and a beta of 1.08. The stock has a 50 day simple moving average of $9.47 and a two-hundred day simple moving average of $10.43. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.38 and a current ratio of 1.38. Nordea Bank Abp has a fifty-two week low of $8.33 and a fifty-two week high of $13.29.
Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) last issued its earnings results on Thursday, April 28th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.05. The business had revenue of $2.46 billion during the quarter. Nordea Bank Abp had a return on equity of 11.53% and a net margin of 33.58%. Research analysts forecast 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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