Barclays raises Swedbank AB (publ) (OTCMKTS:SWDBY) price target to SEK 189

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Swedbank AB (publ) (OTCMKTS:SWDBY – Get a rating) saw its price target raised by Barclays stock analysts from SEK 174 to SEK 189 in a report on Thursday, reports The Fly. The brokerage currently has an “overweight” rating on shares of the financial services provider.

A number of other research analysts have also recently published reports on SWDBY. Societe Generale reduced its price target on Swedbank AB (publ) from SEK 205 to SEK 200 in a research note on Thursday, February 3. Morgan Stanley cut its price target on Swedbank AB (publ) from SEK 204 to SEK 200 and set an “equal weight” rating on the stock in a Thursday, January 27 research note. Danske upgraded Swedbank AB (publ) from a “hold” rating to a “buy” rating in a Friday, April 8 research note. SEB Equities has upgraded Swedbank AB (publ) from a ‘buy’ to a ‘hold’ rating and has set a target price of SEK 190 for the stock. in a research note from Friday, February 4. Finally, Pareto Securities upgraded Swedbank AB (publ) from a “hold” rating to a “buy” rating and set a target price of SEK 205 on the stock in a Tuesday, January 18 research note. Six equity research analysts gave the stock a hold rating and eight gave the stock a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $187.91.

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Shares of OTCMKTS:SWDBY opened at $14.60 on Thursday. The stock’s 50-day moving average price is $15.80 and its 200-day moving average price is $18.57. Swedbank AB has a 12-month low of $13.34 and a 12-month high of $23.27. The stock has a market capitalization of $16.53 billion, a P/E ratio of 6.99, a price-to-earnings growth ratio of 0.26 and a beta of 0.93. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt ratio of 4.73.

Company profile Swedbank AB (publ) (Get an assessment)

Swedbank AB (publ) provides various retail and corporate banking products and services. The Company operates through the Swedish Bank, Baltic Bank and Large Corporates and Institutions segments. It offers savings, salary and current accounts; private residential and commercial loans; leasing, factoring and financing services; consumer, mortgage, acquisition and project, export and marine finance; mutual fund; and asset management, and life insurance and pension services.

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