Nordea Bank AB (NRBAY) Upgraded to Buy by Citigroup Inc.
Nordea Bank AB (OTCMKTS:NRBAY) was upgraded by investment analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued on Thursday.
NRBAY has been the subject of several other research reports. Credit Suisse Group AG raised Nordea Bank AB from a “neutral” rating to an “outperform” rating in a research note on Monday, July 18th. Zacks Investment Research lowered Nordea Bank AB from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. lowered Nordea Bank AB from an “overweight” rating to a “neutral” rating in a report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Nordea Bank AB has an average rating of “Hold” and an average price target of $9.75.
Shares of Nordea Bank AB (OTCMKTS:NRBAY) traded up 0.20% during trading on Thursday, reaching $10.03. 35,671 shares of the company’s stock traded hands. The stock has a market capitalization of $40.07 billion, a PE ratio of 10.77 and a beta of 0.89. The company has a 50 day moving average price of $9.91 and a 200 day moving average price of $9.36. Nordea Bank AB has a 1-year low of $7.76 and a 1-year high of $11.97.
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