The Goldman Sachs Group Upgrades Nordea Bank Abp (OTCMKTS:NRDBY) to “Strong-Buy”

Nordea Bank Abp (OTCMKTS:NRDBY) was upgraded by stock analysts at The Goldman Sachs Group to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

Nordea Bank Abp Stock Performance

Shares of OTCMKTS NRDBY opened at $11.87 on Friday. The business’s 50-day simple moving average is $11.59 and its 200-day simple moving average is $11.80. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.31 and a current ratio of 1.31. Nordea Bank Abp has a 52 week low of $10.42 and a 52 week high of $12.90. The firm has a market cap of $41.61 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 0.75 and a beta of 0.94.

Nordea Bank Abp (OTCMKTS:NRDBY) last announced its quarterly earnings results on Monday, July 15th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Nordea Bank Abp had a return on equity of 16.82% and a net margin of 19.60%. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities research analysts expect that Nordea Bank Abp will post 1.52 earnings per share for the current fiscal year.

Nordea Bank Abp Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.