Swedbank (SWDBY) Stock Rating Upgraded by Zacks Investment Research

Swedbank (OTCMKTS:SWDBY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $28.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 16.74% from the company’s previous close.

According to Zacks, “Swedbank is a leading Nordic-Baltic banking group with retail customers and corporate customers in Sweden, Estonia, Lithuania and Latvia. Swedbank’s vision is to be the leading financial institution in the markets where they are present. In Sweden the group has more than 470 branches. In the Baltic countries the group has another 280 branches. Outside of the Nordic-Baltic home markets, the group is present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St.Petersburg and Tokyo. “

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Separately, ValuEngine cut shares of Swedbank from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $28.00.

SWDBY stock opened at $23.99 on Wednesday. The firm has a market cap of $27,729.36, a price-to-earnings ratio of 3.88 and a beta of 0.84. Swedbank has a one year low of $22.58 and a one year high of $27.72. The company has a debt-to-equity ratio of 7.30, a quick ratio of 1.64 and a current ratio of 1.64.

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Swedbank Company Profile

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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