Swedbank AB (NASDAQ:SWDBY) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. Swedbank AB’s rating score has improved by 66.7% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Zacks has also given Swedbank AB an industry rank of 78 out of 265 based on the ratings given to related companies.
Several equities research analysts recently commented on SWDBY shares. Goldman Sachs Group Inc. raised Swedbank AB from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 28th. JPMorgan Chase & Co. raised Swedbank AB from a “neutral” rating to an “overweight” rating in a research report on Monday, June 27th. Royal Bank Of Canada raised Swedbank AB from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, June 28th. Jefferies Group raised Swedbank AB from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Finally, Zacks Investment Research raised Swedbank AB from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, August 18th.
Swedbank AB (NASDAQ:SWDBY) opened at 23.47 on Wednesday. The stock has a market cap of $26.07 billion and a price-to-earnings ratio of 12.27. Swedbank AB has a one year low of $18.15 and a one year high of $24.10. The stock’s 50 day moving average price is $23.00 and its 200 day moving average price is $21.59.
Swedbank AB Company Profile
Swedbank AB is a savings bank. The Company’s segments include Swedish Banking, Baltic Banking, Large Corporates & Institutions, and Group Functions & Other. Its Swedish Banking segment offers services through its own branch network, the Telephone Bank, the Internet Bank and the distribution network of the independent savings banks.
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