Swedbank AB (SWDBY) Downgraded by JPMorgan Chase & Co. to Neutral
A number of other equities research analysts also recently issued reports on the company. Jefferies Group upgraded Swedbank AB from a hold rating to a buy rating in a research report on Wednesday, August 17th. Royal Bank Of Canada upgraded Swedbank AB from a sector perform rating to an outperform rating in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. upgraded Swedbank AB from a sell rating to a neutral rating in a research report on Tuesday, June 28th. Finally, Zacks Investment Research upgraded 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $25.00.
Shares of Swedbank AB (NASDAQ:SWDBY) traded up 1.41% on Friday, hitting $23.80. The stock had a trading volume of 12,225 shares. Swedbank AB has a 1-year low of $18.15 and a 1-year high of $24.10. The firm has a 50 day moving average of $23.00 and a 200-day moving average of $21.59. The firm has a market capitalization of $26.44 billion and a price-to-earnings ratio of 12.42.
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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