Swedbank AB (NASDAQ:SWDBY) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Friday.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Swedbank AB from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, August 18th. Jefferies Group raised Swedbank AB from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Goldman Sachs Group Inc. raised Swedbank AB from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Royal Bank Of Canada raised Swedbank AB from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, June 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.00.
Swedbank AB (NASDAQ:SWDBY) opened at 23.70 on Friday. Swedbank AB has a 52 week low of $18.15 and a 52 week high of $23.96. The company has a 50-day moving average of $23.04 and a 200 day moving average of $21.61. The firm has a market cap of $26.32 billion and a P/E ratio of 12.36.
About Swedbank AB
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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