Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) had its target price lifted by analysts at JPMorgan Chase & Co. from SEK 125 to SEK 130 in a note issued to investors on Tuesday, The Fly reports.
A number of other brokerages have also issued reports on NRDBY. Barclays cut their price target on shares of Nordea Bank Abp from SEK 11.40 to SEK 9.80 and set an “equal weight” rating on the stock in a research note on Tuesday, July 5th. Credit Suisse Group upped their target price on shares of Nordea Bank Abp from €9.50 ($9.60) to €9.60 ($9.70) and gave the stock a “neutral” rating in a research note on Friday, April 29th. Societe Generale upgraded shares of Nordea Bank Abp from a “hold” rating to a “buy” rating and set a €10.70 ($10.81) target price on the stock in a research note on Friday, May 27th. Morgan Stanley upped their target price on shares of Nordea Bank Abp from SEK 113 to SEK 118 and gave the stock an “equal weight” rating in a research note on Tuesday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Nordea Bank Abp from €11.40 ($11.52) to €11.50 ($11.62) in a research note on Tuesday, May 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.95.
Nordea Bank Abp Price Performance
Shares of Nordea Bank Abp stock traded up $0.45 during trading hours on Tuesday, reaching $9.54. 478,440 shares of the company’s stock were exchanged, compared to its average volume of 261,295. The business has a fifty day moving average of $9.48 and a two-hundred day moving average of $10.54. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 6.46. The company has a market capitalization of $35.80 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. Nordea Bank Abp has a 1 year low of $8.33 and a 1 year high of $13.29.
Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) last posted its earnings results on Thursday, April 28th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $2.46 billion for the quarter. Nordea Bank Abp had a net margin of 34.47% and a return on equity of 11.50%. As a group, research analysts predict that Nordea Bank Abp will post 0.99 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 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.