Nordea Bank Abp (OTCMKTS:NRDBY) was upgraded by investment analysts at UBS Group to a “buy” rating in a research report issued on Thursday, The Fly reports. The brokerage presently has a SEK 110 price objective on the stock, up from their prior price objective of SEK 105.
Several other equities research analysts have also commented on NRDBY. JPMorgan Chase & Co. upgraded shares of Nordea Bank Abp to an “overweight” rating in a research report on Wednesday, June 23rd. AlphaValue upgraded shares of Nordea Bank Abp to a “reduce” rating in a research report on Monday, June 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Nordea Bank Abp to a “buy” rating and boosted their price objective for the stock from €10.20 ($12.00) to €11.20 ($13.18) in a research report on Wednesday, July 7th. Morgan Stanley raised shares of 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 note on Thursday. Finally, Barclays raised shares of Nordea Bank Abp to an “equal weight” rating and boosted their target price for the company from €9.20 ($10.82) to €10.50 ($12.35) in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Nordea Bank Abp has a consensus rating of “Buy” and a consensus target price of $50.02.
Shares of OTCMKTS NRDBY traded up $0.49 during trading on Thursday, hitting $11.49. 62,032 shares of the company were exchanged, compared to its average volume of 239,175. Nordea Bank Abp has a 1 year low of $7.16 and a 1 year high of $11.57. The company has a debt-to-equity ratio of 5.49, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a fifty day moving average price of $11.04. The stock has a market cap of $46.53 billion, a P/E ratio of 15.12 and a beta of 1.22.
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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