Nordea Bank Abp (OTCMKTS:NRDBY) Shares Up 1.4% – Still a Buy?

Nordea Bank Abp (OTCMKTS:NRDBY)’s stock price shot up 1.4% on Friday . The company traded as high as $11.44 and last traded at $11.39. 372,213 shares were traded during mid-day trading, an increase of 141% from the average session volume of 154,400 shares. The stock had previously closed at $11.23.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Nordea Bank Abp to a “strong-buy” rating in a research note on Friday, September 27th.

Nordea Bank Abp Stock Up 1.4 %

The company has a debt-to-equity ratio of 6.23, a current ratio of 1.29 and a quick ratio of 1.29. The business has a 50 day moving average price of $11.67 and a 200 day moving average price of $11.81. The firm has a market capitalization of $39.93 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 0.70 and a beta of 0.94.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its quarterly earnings data on Thursday, October 17th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The business had revenue of $3.31 billion for the quarter. Nordea Bank Abp had a return on equity of 16.41% and a net margin of 19.28%. On average, analysts predict that Nordea Bank Abp will post 1.52 earnings per share for the current year.

Nordea Bank Abp Company Profile

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.