UBS Group Reiterates Buy Rating for Nordea Bank Abp (OTCMKTS:NRDBY)


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Nordea Bank Abp (OTCMKTS:NRDBY)‘s stock had its “buy” rating reiterated by investment analysts at UBS Group in a research note issued to investors on Monday, The Fly reports.

Other equities research analysts also recently issued reports about the company. Berenberg Bank reaffirmed a “buy” rating on shares of Nordea Bank Abp in a research report on Tuesday, February 23rd. Credit Suisse Group upgraded shares of Nordea Bank Abp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordea Bank Abp in a research note on Monday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Nordea Bank Abp in a research note on Thursday, March 4th. Finally, Morgan Stanley restated an “overweight” rating on shares of Nordea Bank Abp in a research note on Monday, April 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy”.

Nordea Bank Abp stock opened at $10.18 on Monday. The company has a debt-to-equity ratio of 5.78, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $41.23 billion, a price-to-earnings ratio of 15.66 and a beta of 1.20. Nordea Bank Abp has a one year low of $5.47 and a one year high of $10.64. The company’s fifty day moving average price is $10.12 and its two-hundred day moving average price is $8.89.

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

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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