Shares of Swedbank AB (publ) (OTCMKTS:SWDBY – Get Rating) fell below its 50-day moving average during Friday’s trading. The stock has a 50-day moving average of $14.45 and is trading as low as $12.62. Shares of Swedbank AB (publ) last traded at $12.73, with volume of 73,557 shares changing hands.
A number of brokerages have weighed in on SWDBY recently. Exane BNP Paribas lowered the rating of Swedbank AB (publ) from an “outperforming” rating to a “neutral” rating in a report on Wednesday 18 May. JPMorgan Chase & Co. lowered its price target on Swedbank AB (publ) from SEK 210 to SEK 180 and set an “overweight” rating on the stock in a Monday March 14 report. Citigroup upgraded Swedbank AB (publ) from a “neutral” rating to a “buy” rating in a Monday, April 4 report. Deutsche Bank Aktiengesellschaft upgraded Swedbank AB (publ) from a “hold” rating to a “buy” rating and lowered its price target for the stock from SEK 204 to SEK 182 in a Tuesday, April 5 report. Finally, Barclays raised its price target on Swedbank AB (publ) from SEK 174 to SEK 189 and gave the stock an “overweight” rating in a Thursday May 12 report. One financial analyst has assigned the stock a sell rating, six have issued a hold rating and eight have assigned the stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $182.27.
The stock has a market capitalization of $14.41 billion, a P/E ratio of 6.09 and a beta of 0.98. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt ratio of 5.27. The company has a 50-day simple moving average of $14.45 and a 200-day simple moving average of $16.52.
Swedbank AB (publ) (OTCMKTS:SWDBY – Get Rating) last announced its results on Thursday 28 April. The financial services provider reported earnings per share (EPS) of $0.44 for the quarter, meeting analyst consensus estimates of $0.44. The company had revenue of $1.21 billion in the quarter. Swedbank AB (publ) achieved a return on equity of 12.73% and a net margin of 40.31%. On average, analysts predict that Swedbank AB will post 1.8 earnings per share for the current financial year.
Company profile Swedbank AB (publ) (OTCMKTS: SWDBY)
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 accounts, mutual funds and insurance, retirement savings, institutional asset management and other savings and investment products; private residential loans, consumer finance, business loans, 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.
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