UBS Group Upgrades Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) to “Buy”

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEFGet Rating) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, The Fly reports.

Several other equities analysts have also commented on the stock. Cheuvreux upgraded shares of Skandinaviska Enskilda Banken AB (publ) from a “hold” rating to a “buy” rating and set a SEK 134 price objective for the company in a research report on Wednesday, April 20th. Barclays dropped their price target on Skandinaviska Enskilda Banken AB (publ) from SEK 111 to SEK 105 in a research report on Wednesday, April 6th. Nordea Equity Research raised Skandinaviska Enskilda Banken AB (publ) from a “hold” rating to a “buy” rating in a research note on Friday, January 28th. Credit Suisse Group lifted their target price on Skandinaviska Enskilda Banken AB (publ) to SEK 99 in a report on Thursday, April 28th. Finally, JPMorgan Chase & Co. decreased their price target on Skandinaviska Enskilda Banken AB (publ) from SEK 110 to SEK 90 and set an “underweight” rating on the stock in a report on Monday, March 14th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.00.

Shares of SVKEF opened at $11.05 on Tuesday. The business’s 50 day simple moving average is $11.19 and its 200-day simple moving average is $13.20. Skandinaviska Enskilda Banken AB has a 1 year low of $9.65 and a 1 year high of $16.05. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $23.87 billion, a price-to-earnings ratio of 8.13 and a beta of 0.90.

Skandinaviska Enskilda Banken AB (publ) Company Profile (Get Rating)

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. It operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Baltic, Life, and Investment Management divisions. The company offers research and strategy services; analysis, advisory, execution, and trading services in the foreign exchange, fixed income, equities, and commodities markets; transaction services, including cash management, trade and supply chain finance, and business services; and investor services.

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