Swedbank AB (publ) (OTCMKTS:SWDBY) Rating Lowered to Neutral at Exane BNP Paribas

Swedbank AB (publ) (OTCMKTS:SWDBYGet Rating) was downgraded by equities researchers at Exane BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, The Fly reports.

A number of other equities research analysts also recently weighed in on the stock. Pareto Securities upgraded shares of Swedbank AB (publ) from a “hold” rating to a “buy” rating and set a SEK 205 price target on the stock in a research note on Tuesday, January 18th. The Goldman Sachs Group upgraded shares of Swedbank AB (publ) from a “sell” rating to a “neutral” rating in a research note on Tuesday, March 15th. Danske upgraded shares of Swedbank AB (publ) from a “hold” rating to a “buy” rating in a research note on Friday, April 8th. Credit Suisse Group reduced their price target on shares of Swedbank AB (publ) from SEK 175 to SEK 174 in a research note on Thursday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Swedbank AB (publ) from a “hold” rating to a “buy” rating and reduced their price target for the company from SEK 204 to SEK 182 in a research note on Tuesday, April 5th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $187.91.

Swedbank AB (publ) stock traded up $0.09 during trading hours on Wednesday, reaching $15.28. 83,501 shares of the stock were exchanged, compared to its average volume of 87,141. The company has a market cap of $17.29 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 0.25 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. Swedbank AB has a twelve month low of $13.34 and a twelve month high of $23.27. The stock has a 50 day moving average of $15.89 and a two-hundred day moving average of $18.32.

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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