Nordea Bank AB (NRBAY) Upgraded at Nordea Equity Research
Nordea Bank AB (OTCMKTS:NRBAY) was upgraded by equities research analysts at Nordea Equity Research to a “hold” rating in a research note issued to investors on Wednesday, The Fly reports.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Nordea Bank AB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Credit Suisse Group cut Nordea Bank AB from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. Finally, UBS AG cut Nordea Bank AB from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold”.
Shares of Nordea Bank AB (NRBAY) traded down $0.12 during mid-day trading on Wednesday, hitting $11.62. The stock had a trading volume of 96,600 shares, compared to its average volume of 86,796. Nordea Bank AB has a 1 year low of $10.29 and a 1 year high of $13.87. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 6.20. The company has a market capitalization of $47,040.19, a PE ratio of 12.23 and a beta of 0.73.
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About Nordea Bank AB
Nordea Bank AB (publ) provides various banking products and services to individuals, and corporate and institutional customers. It operates through Personal Banking, Commercial & Business Banking, Wholesale Banking, and Wealth Management segments. The company offers deposits, cards, lending products, and net banking services; cash management services; trade and project finance services; asset based financing through leasing, hire purchase, and factoring; and investment, savings, and risk management products, as well as finance products to partners, such as vendors, dealers, and retailers.
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