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

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

Several other research analysts have also issued reports on NRDBY. Morgan Stanley upgraded shares of Nordea Bank Abp to an “equal weight” rating and upped their target price for the stock from SEK 103 to SEK 108 in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of Nordea Bank Abp to an “overweight” rating in a research report on Wednesday, June 23rd. Pareto Securities initiated coverage on shares of Nordea Bank Abp in a research report on Thursday, June 24th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Nordea Bank Abp to a “buy” rating and upped their price target for the company from €10.20 ($12.00) to €11.20 ($13.18) in a research report on Wednesday, July 7th. Finally, AlphaValue upgraded shares of Nordea Bank Abp to a “reduce” rating in a research report on Monday, June 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $50.02.

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

Nordea Bank Abp (OTCMKTS:NRDBY) last announced its earnings results on Thursday, April 29th. The company reported $0.23 earnings per share (EPS) for the quarter. Nordea Bank Abp had a net margin of 26.77% and a return on equity of 7.91%. The company 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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