Swedbank AB (OTCMKTS:SWDBY – Get Free Report)’s share price reached a new 52-week high during trading on Monday. The stock traded as high as SEK 42.38 and last traded at SEK 42.38, with a volume of 16,850 shares trading hands. The stock had previously closed at SEK 40.50.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on SWDBY shares. The Goldman Sachs Group raised Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research note on Monday, October 12th. Zacks Research lowered shares of Swedbank from a “hold” rating to a “strong sell” rating in a report on Friday, September 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Swedbank in a report on Wednesday, September 16th. Finally, Barclays upgraded shares of Swedbank from a “cautious” rating to an “overweight” rating in a research report on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Swedbank currently has a consensus rating of “Hold”.
Get Our Latest Analysis on Swedbank
Swedbank Stock Performance
The firm has a market capitalization of $47.66 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 2.95 and a beta of 0.69. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. The company has a 50-day moving average of SEK 40.26 and a 200-day moving average of SEK 38.
Swedbank (OTCMKTS:SWDBY – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported SEK 0.76 EPS for the quarter, beating analysts’ consensus estimates of SEK 0.73 by SEK 0.03. The firm had revenue of SEK 1.86 billion for the quarter. Swedbank had a return on equity of 14.76% and a net margin of 28.94%. On average, equities analysts anticipate that Swedbank AB will post 2.74 earnings per share for the current fiscal year.
Swedbank Company Profile
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