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

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

Nordea Bank Abp Stock Down 0.7 %

NRDBY stock opened at $11.87 on Friday. 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 has a 52-week low of $10.42 and a 52-week high of $12.90. The company has a 50-day moving average of $11.59 and a two-hundred day moving average of $11.80. The stock has a market capitalization of $41.61 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 0.75 and a beta of 0.94.

Nordea Bank Abp (OTCMKTS:NRDBY) last released its quarterly earnings results on Monday, July 15th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.25 billion. As a group, equities research analysts anticipate 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.