Swedbank AB (publ) (OTCMKTS:SWDBY) Given Consensus Rating of “Buy” by Brokerages

Swedbank AB (publ) (OTCMKTS:SWDBYGet Rating) has received an average rating of “Buy” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $190.00.

Several research analysts have weighed in on the stock. Morgan Stanley lowered their price target on shares of Swedbank AB (publ) from SEK 204 to SEK 200 and set an “equal weight” rating on the stock in a report on Thursday, January 27th. Credit Suisse Group dropped their price target on Swedbank AB (publ) from SEK 175 to SEK 174 in a report on Thursday, February 3rd. Exane BNP Paribas downgraded shares of Swedbank AB (publ) from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 18th. Citigroup raised shares of Swedbank AB (publ) from a “neutral” rating to a “buy” rating in a report on Monday, April 4th. Finally, Danske upgraded Swedbank AB (publ) from a “hold” rating to a “buy” rating in a research report on Friday, April 8th.

Shares of SWDBY opened at $14.96 on Monday. The company’s 50-day moving average is $15.91 and its 200-day moving average is $18.12. The company has a debt-to-equity ratio of 4.73, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $16.93 billion, a PE ratio of 7.16, a PEG ratio of 0.26 and a beta of 0.93. Swedbank AB has a fifty-two week low of $13.34 and a fifty-two week high of $23.27.

The business also recently disclosed a dividend, which was paid on Monday, April 18th. Stockholders of record on Friday, April 1st were paid a $0.974 dividend. The ex-dividend date was Thursday, March 31st. This represents a dividend yield of 9.57%. Swedbank AB (publ)’s dividend payout ratio is currently 46.89%.

About Swedbank AB (publ) (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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Analyst Recommendations for Swedbank AB (publ) (OTCMKTS:SWDBY)

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