Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) was upgraded by equities researchers at Societe Generale from a “hold” rating to a “buy” rating in a report issued on Friday, The Fly reports. The firm presently has a €10.70 ($11.38) price target on the stock.
A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped 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 note on Monday, March 14th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Nordea Bank Abp from €11.40 ($12.13) to €11.50 ($12.23) in a report on Tuesday, May 3rd. Barclays boosted their price objective on shares of Nordea Bank Abp from €10.40 ($11.06) to €11.20 ($11.91) in a report on Thursday, May 12th. Berenberg Bank upped their price objective on Nordea Bank Abp from SEK 120 to SEK 125 and gave the company a “buy” rating in a research report on Thursday, March 3rd. Finally, Morgan Stanley lifted their target price on Nordea Bank Abp from SEK 113 to SEK 118 and gave the stock an “equal weight” rating in a report on Tuesday, May 3rd. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.25.
NRDBY stock opened at $10.56 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 has a 50 day moving average price of $10.26 and a 200-day moving average price of $11.25. 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 $40.02 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 4.92 and a beta of 1.05.
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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