Swedbank AB (SWDBY) Rating Lowered to Hold at Deutsche Bank AG
Swedbank AB (NASDAQ:SWDBY) was downgraded by investment analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a report released on Friday.
Several other equities analysts have also commented on SWDBY. Jefferies Group raised Swedbank AB from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. 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 report on Thursday, August 18th. Finally, JPMorgan Chase & Co. lowered Swedbank AB from an “overweight” rating to a “neutral” rating in a report on Friday, October 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $25.00.
Swedbank AB (NASDAQ:SWDBY) opened at 23.052 on Friday. Swedbank AB has a one year low of $18.15 and a one year high of $23.80. The company’s 50-day moving average price is $0.00 and its 200 day moving average price is $0.00.
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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