Swedbank AB (publ) (OTCMKTS:SWDBY – Get Rating) had its target price raised by JPMorgan Chase & Co. from SEK 180 to SEK 195 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock.
A number of other research analysts have also weighed in on SWDBY. Barclays raised their price objective on Swedbank AB (publ) from SEK 168 to SEK 176 and gave the company an “overweight” rating in a report on Friday, September 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Swedbank AB (publ) from SEK 162 to SEK 165 in a research note on Tuesday, October 11th. Finally, Credit Suisse Group raised their target price on Swedbank AB (publ) from SEK 147 to SEK 153 and gave the stock a “neutral” rating in a research note on Monday, October 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of SEK 180.13.
Swedbank AB (publ) Trading Up 1.0 %
Shares of OTCMKTS:SWDBY opened at SEK 15.28 on Monday. Swedbank AB has a 1 year low of SEK 12.14 and a 1 year high of SEK 22.41. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96. The company has a debt-to-equity ratio of 5.11, a current ratio of 1.47 and a quick ratio of 1.47. The business’s 50 day moving average price is SEK 13.74 and its 200-day moving average price is SEK 13.97.
Swedbank AB (publ) Company Profile
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 accounts, mutual funds and insurance savings, pension savings, institutional asset management, and other savings and investment products; private residential lending, consumer financing, corporate lending, leasing, other financing products, trade finance, and factoring services; and current accounts, cash handling, debit and credit cards, card acquiring, other payment products, as well as domestic, international, mobile, and document payments.
- Get a free copy of the StockNews.com research report on Swedbank AB (publ) (SWDBY)
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