Nordea Bank Abp (OTCMKTS:NRDBY) Receives Buy Rating from Berenberg Bank


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Nordea Bank Abp (OTCMKTS:NRDBY)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other brokerages have also recently weighed in on NRDBY. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank Abp in a research report on Monday, February 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordea Bank Abp in a research report on Monday, February 8th. Credit Suisse Group upgraded Nordea Bank Abp from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 17th. UBS Group reiterated a “buy” rating on shares of Nordea Bank Abp in a research report on Monday, February 8th. Finally, JPMorgan Chase & Co. upgraded Nordea Bank Abp from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 16th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Nordea Bank Abp currently has an average rating of “Buy”.

Shares of OTCMKTS:NRDBY traded up $0.08 during trading on Tuesday, hitting $9.07. The stock had a trading volume of 54,099 shares, compared to its average volume of 524,753. Nordea Bank Abp has a 12-month low of $4.79 and a 12-month high of $9.15. The stock has a market capitalization of $36.73 billion, a price-to-earnings ratio of 13.95 and a beta of 1.20. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 5.78. The stock has a 50-day simple moving average of $8.45 and a two-hundred day simple moving average of $8.15.

Nordea Bank Abp (OTCMKTS:NRDBY) last announced its quarterly earnings data on Thursday, February 4th. The company reported $0.21 earnings per share (EPS) for the quarter. Nordea Bank Abp had a return on equity of 7.15% and a net margin of 21.75%. The firm had revenue of $2.64 billion during the quarter.

Nordea Bank Abp Company Profile

Nordea Bank Abp provides various banking products and services in Sweden, Finland, Norway, Denmark, and internationally. The company offers personal banking and services for household customers through various channels. It also provides business banking, payments and transaction, asset-based lending, and sales and receivable financing services for corporate and household customers.

Further Reading: How To Calculate Debt-to-Equity Ratio

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Analyst Recommendations for Nordea Bank Abp (OTCMKTS:NRDBY)

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