Swedbank AB (SWDBY) Rating Increased to Overweight at J P Morgan Chase & Co
Swedbank AB (OTCMKTS:SWDBY) was upgraded by investment analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report issued on Tuesday.
Separately, ValuEngine raised Swedbank AB from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.00.
Shares of Swedbank AB (OTCMKTS SWDBY) traded up 2.203% during midday trading on Tuesday, hitting $27.135. The company had a trading volume of 24,552 shares. The company has a market cap of $30.22 billion, a price-to-earnings ratio of 13.172 and a beta of 1.00. Swedbank AB has a 12 month low of $22.35 and a 12 month high of $27.32. The stock’s 50-day moving average price is $26.01 and its 200-day moving average price is $24.69.
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About Swedbank AB
Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company’s segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings.
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