Nordea Bank Abp (OTCMKTS:NRDBY) Upgraded to “Strong-Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Nordea Bank Abp (OTCMKTS:NRDBY) to a strong-buy rating in a research report released on Friday, Zacks.com reports.

Nordea Bank Abp Price Performance

Nordea Bank Abp stock opened at $11.87 on Friday. The stock has a 50-day moving average price of $11.59 and a two-hundred day moving average price of $11.80. Nordea Bank Abp has a 12 month low of $10.42 and a 12 month high of $12.90. The company 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 current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 6.78.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its earnings results on Monday, July 15th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Nordea Bank Abp had a net margin of 19.60% and a return on equity of 16.82%. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.25 billion. Analysts expect that Nordea Bank Abp will post 1.52 EPS 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.