Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) had its target price reduced by Deutsche Bank Aktiengesellschaft from €11.90 ($12.27) to €11.50 ($11.86) in a report published on Monday, The Fly reports. They currently have a buy rating on the stock.
A number of other brokerages have also weighed in on NRDBY. Morgan Stanley lifted their price objective on shares of Nordea Bank Abp from SEK 113 to SEK 118 and gave the company an equal weight rating in a report on Tuesday, May 3rd. Societe Generale upgraded shares of Nordea Bank Abp from a hold rating to a buy rating and set a €10.70 ($11.03) price objective for the company in a report on Friday, May 27th. Credit Suisse Group lifted their price objective on shares of Nordea Bank Abp from €9.20 ($9.48) to €9.60 ($9.90) in a report on Tuesday, July 19th. JPMorgan Chase & Co. lifted their price objective on shares of Nordea Bank Abp from SEK 125 to SEK 130 in a report on Tuesday, July 19th. Finally, Barclays decreased their price objective on shares of Nordea Bank Abp from SEK 11.40 to SEK 9.80 and set an equal weight rating for the company in a report on Tuesday, July 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $68.95.
Nordea Bank Abp Price Performance
NRDBY stock opened at $9.90 on Monday. Nordea Bank Abp has a 12 month low of $8.33 and a 12 month high of $13.29. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.46. The company has a 50-day moving average price of $9.42 and a 200 day moving average price of $10.30. The stock has a market cap of $37.16 billion, a PE ratio of 10.31, a P/E/G ratio of 2.39 and a beta of 1.10.
About Nordea Bank Abp
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.
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