Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) had its price objective lowered by Deutsche Bank Aktiengesellschaft from €11.90 ($12.27) to €11.50 ($11.86) in a research note released on Monday morning, The Fly reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts also recently issued reports on NRDBY. Barclays dropped 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 research report on Tuesday, July 5th. Morgan Stanley increased their price target on Nordea Bank Abp from SEK 113 to SEK 118 and gave the stock an equal weight rating in a research report on Tuesday, May 3rd. Credit Suisse Group raised their price objective on Nordea Bank Abp from €9.20 ($9.48) to €9.60 ($9.90) in a research report on Tuesday, July 19th. JPMorgan Chase & Co. raised their price objective on Nordea Bank Abp from SEK 125 to SEK 130 in a research report on Tuesday, July 19th. Finally, Societe Generale raised Nordea Bank Abp from a hold rating to a buy rating and set a €10.70 ($11.03) price objective on the stock in a research report on Friday, May 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $68.95.
Get Nordea Bank Abp alerts:Nordea Bank Abp Price Performance
NRDBY opened at $9.84 on Monday. 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. The business's fifty day simple moving average is $9.46 and its 200-day simple moving average is $10.33. The company has a market capitalization of $36.93 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 2.43 and a beta of 1.10.
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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