Nordea Bank Abp (OTCMKTS:NRDBY) Upgraded by Barclays to “Equal Weight”

Nordea Bank Abp (OTCMKTS:NRDBY) was upgraded by stock analysts at Barclays to an “equal weight” rating in a research note issued on Thursday, The Fly reports. The brokerage currently has a €10.50 ($12.35) target price on the stock, up from their previous target price of €9.20 ($10.82).

Other analysts have also issued reports about the company. Pareto Securities assumed coverage on Nordea Bank Abp in a research report on Thursday, June 24th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods raised Nordea Bank Abp from a “market perform” rating to an “outperform” rating in a research report on Friday, May 21st. Morgan Stanley raised Nordea Bank Abp to an “equal weight” rating and boosted their target price for the company from SEK 103 to SEK 108 in a research report on Thursday. JPMorgan Chase & Co. raised Nordea Bank Abp to an “overweight” rating in a research report on Wednesday, June 23rd. Finally, UBS Group raised Nordea Bank Abp to a “buy” rating and boosted their target price for the company from SEK 103 to SEK 105 in a research report on Friday, July 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Nordea Bank Abp presently has a consensus rating of “Buy” and a consensus price target of $50.02.

Shares of NRDBY stock traded up $0.49 during mid-day trading on Thursday, hitting $11.49. The company’s stock had a trading volume of 62,032 shares, compared to its average volume of 239,175. The stock’s fifty day simple moving average is $11.04. Nordea Bank Abp has a 52 week low of $7.16 and a 52 week high of $11.57. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 5.49. The company has a market cap of $46.53 billion, a P/E ratio of 15.12 and a beta of 1.22.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its quarterly earnings data on Thursday, April 29th. The company reported $0.23 earnings per share for the quarter. Nordea Bank Abp had a return on equity of 7.91% and a net margin of 26.77%. The firm had revenue of $2.49 billion during the quarter.

About Nordea Bank Abp

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

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Analyst Recommendations for Nordea Bank Abp (OTCMKTS:NRDBY)

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