Barclays Boosts Swedbank AB (publ) (OTCMKTS:SWDBY) Price Target to SEK 189

Swedbank AB (publ) (OTCMKTS:SWDBYGet Rating) had its price objective hoisted by equities researchers at Barclays from SEK 174 to SEK 189 in a research note issued on Thursday, The Fly reports. The firm currently has an “overweight” rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on the stock. Citigroup upgraded shares of Swedbank AB (publ) from a “neutral” rating to a “buy” rating in a research note on Monday, April 4th. Deutsche Bank Aktiengesellschaft raised shares of Swedbank AB (publ) from a “hold” rating to a “buy” rating and cut their price objective for the company from SEK 204 to SEK 182 in a research report on Tuesday, April 5th. Pareto Securities raised shares of Swedbank AB (publ) from a “hold” rating to a “buy” rating and set a SEK 205 price objective for the company in a research report on Tuesday, January 18th. Credit Suisse Group cut their price objective on shares of Swedbank AB (publ) from SEK 175 to SEK 174 in a research report on Thursday, February 3rd. Finally, SEB Equities downgraded shares of Swedbank AB (publ) from a “buy” rating to a “hold” rating and set a SEK 190 price objective for the company. in a research report on Friday, February 4th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $187.91.

Shares of SWDBY opened at $14.60 on Thursday. The firm has a market cap of $16.53 billion, a PE ratio of 6.99, a P/E/G ratio of 0.26 and a beta of 0.93. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.73. The firm has a fifty day simple moving average of $15.80 and a two-hundred day simple moving average of $18.57. Swedbank AB has a 1-year low of $13.34 and a 1-year high of $23.27.

Swedbank AB (publ) Company Profile (Get Rating)

Swedbank AB (publ) provides various banking products and services to individuals and companies. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers savings, salary, and current accounts; private residential and corporate lending; leasing, factoring, and financing services; consumer, mortgage, acquisition and project, export, and marine financing; mutual funds; and asset management, and life insurance and pension services.

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