Nordea Bank Abp (OTCMKTS:NRDBY) Rating Increased to Strong-Buy at The Goldman Sachs Group

Nordea Bank Abp (OTCMKTS:NRDBY) was upgraded by investment analysts at The Goldman Sachs Group to a “strong-buy” rating in a report released on Friday, Zacks.com reports.

Nordea Bank Abp Trading Down 0.7 %

Shares of NRDBY stock opened at $11.87 on Friday. The business has a 50-day moving average of $11.59 and a 200 day moving average of $11.80. Nordea Bank Abp has a 1-year low of $10.42 and a 1-year high of $12.90. The stock has a market capitalization of $41.61 billion, a PE ratio of 7.66, a P/E/G ratio of 0.75 and a beta of 0.94. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.31 and a quick ratio of 1.31.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its quarterly earnings results on Monday, July 15th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.25 billion. Nordea Bank Abp had a return on equity of 16.82% and a net margin of 19.60%. As a group, sell-side analysts anticipate that Nordea Bank Abp will post 1.52 earnings per share for the current year.

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 & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.