Nordea Bank AB (NRBAY) Lifted to Buy at Citigroup Inc.
Nordea Bank AB (OTC:NRBAY) was upgraded by investment analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports.
A number of other equities analysts have also weighed in on NRBAY. Credit Suisse Group AG upgraded Nordea Bank AB from a “neutral” rating to an “outperform” rating in a research report on Monday, July 18th. JPMorgan Chase & Co. lowered Nordea Bank AB from an “overweight” rating to a “neutral” rating in a research report on Thursday, June 23rd.
Shares of Nordea Bank AB (OTC:NRBAY) traded down 0.40% during mid-day trading on Thursday, hitting $9.97. The stock had a trading volume of 9,526 shares. The company has a 50-day moving average of $9.89 and a 200 day moving average of $9.36. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 10.71 and a beta of 0.89. Nordea Bank AB has a one year low of $7.76 and a one year high of $11.97.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/nordea-bank-ab-nrbay-lifted-to-buy-at-citigroup-inc.html
Receive News & Ratings for Nordea Bank AB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordea Bank AB and related companies with MarketBeat.com's FREE daily email newsletter.