Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 300 shares, a drop of 99.0% from the March 15th total of 28,700 shares. Based on an average trading volume of 240,900 shares, the short-interest ratio is presently 0.0 days.
Shares of NRDBY traded down $0.03 during mid-day trading on Tuesday, hitting $10.40. The company’s stock had a trading volume of 140,049 shares, compared to its average volume of 162,367. The company’s 50-day moving average is $11.01 and its 200-day moving average is $11.81. Nordea Bank Abp has a 52-week low of $9.01 and a 52-week high of $13.29. The firm has a market capitalization of $40.15 billion, a price-to-earnings ratio of 9.31 and a beta of 1.12. The company has a current ratio of 1.40, a quick ratio of 1.42 and a debt-to-equity ratio of 5.45.
Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) last announced its quarterly earnings results on Thursday, February 3rd. The company reported $0.30 earnings per share for the quarter. Nordea Bank Abp had a net margin of 40.33% and a return on equity of 10.76%. The firm had revenue of $2.79 billion during the quarter.
Several equities research analysts recently issued reports on NRDBY shares. Morgan Stanley raised their target price on shares of Nordea Bank Abp from SEK 116 to SEK 123 in a report on Thursday, January 27th. UBS Group raised their target price on shares of Nordea Bank Abp from SEK 127 to SEK 137 and gave the stock a “buy” rating in a report on Friday, February 4th. Pareto Securities cut shares of Nordea Bank Abp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 18th. Berenberg Bank lifted their price target on shares of Nordea Bank Abp from SEK 120 to SEK 125 and gave the stock a “buy” rating in a research note on Thursday, March 3rd. Finally, Credit Suisse Group lowered their target price on shares of Nordea Bank Abp from €9.60 ($10.43) to €9.50 ($10.33) and set a “neutral” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.90.
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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