Nordea Bank Abp (OTCMKTS:NRDBY) Price Target Increased to €9.60 by Analysts at Credit Suisse Group

Nordea Bank Abp (OTCMKTS:NRDBYGet Rating) had its price objective lifted by Credit Suisse Group from €9.50 ($10.22) to €9.60 ($10.32) in a research report sent to investors on Friday, The Fly reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Nordea Bank Abp from SEK 130 to SEK 115 and set an overweight rating on the stock in a research report on Monday, March 14th. Berenberg Bank boosted their price target on shares of Nordea Bank Abp from SEK 120 to SEK 125 and gave the company a buy rating in a research report on Thursday, March 3rd. Pareto Securities lowered shares of Nordea Bank Abp from a buy rating to a hold rating in a research report on Tuesday, January 18th. UBS Group boosted their price target on shares of Nordea Bank Abp from SEK 127 to SEK 137 and gave the company a buy rating in a research report on Friday, February 4th. Finally, Morgan Stanley reduced their price target on shares of Nordea Bank Abp from SEK 123 to SEK 113 in a research report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $74.49.

Shares of Nordea Bank Abp stock opened at $10.10 on Friday. The company has a debt-to-equity ratio of 5.45, a quick ratio of 1.42 and a current ratio of 1.40. The firm’s 50-day simple moving average is $10.54 and its 200-day simple moving average is $11.61. Nordea Bank Abp has a twelve month low of $9.01 and a twelve month high of $13.29. The firm has a market cap of $38.99 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 5.15 and a beta of 1.12.

Nordea Bank Abp (OTCMKTS:NRDBYGet Rating) last issued its 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 business had revenue of $2.79 billion for the quarter.

The business also recently announced a dividend, which was paid on Monday, April 11th. Stockholders of record on Monday, March 28th were given a dividend of $0.488 per share. The ex-dividend date was Friday, March 25th. This represents a dividend yield of 9.1%. Nordea Bank Abp’s payout ratio is 48.96%.

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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