Swedbank AB (publ) (OTCMKTS:SWDBY) Stock Crosses Below 50-Day Moving Average of $19.13

Posted by Scott Moore on Mar 19th, 2023

Swedbank AB (publ) (OTCMKTS:SWDBY – Get Rating) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of SEK 19.13 and traded as low as SEK 16.41. Swedbank AB (publ) shares last traded at SEK 16.62, with a volume of 36,800 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Credit Suisse Group reduced their target price on Swedbank AB (publ) from SEK 174 to SEK 171 in a report on Friday, December 9th. Barclays boosted their target price on Swedbank AB (publ) from SEK 191 to SEK 198 in a report on Tuesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Swedbank AB (publ) currently has an average rating of “Hold” and a consensus price target of SEK 177.20.

Swedbank AB (publ) Trading Down 4.3 %

The company has a 50-day simple moving average of SEK 19.13 and a 200 day simple moving average of SEK 16.38. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 5.08.

Swedbank AB (publ) (OTCMKTS:SWDBY – Get Rating) last issued its earnings results on Tuesday, January 31st. The financial services provider reported SEK 0.56 earnings per share for the quarter, topping analysts’ consensus estimates of SEK 0.54 by SEK 0.02. The firm had revenue of SEK 1.50 billion during the quarter. Swedbank AB (publ) had a net margin of 34.02% and a return on equity of 13.18%. On average, research analysts forecast that Swedbank AB will post 2.48 earnings per share for the current fiscal year.

About Swedbank AB (publ)

(Get Rating)

Swedbank AB engages in the provision of financial products and services. It operates through the following segments: Swedish Banking, Large Corporates and Institutions, Baltic Banking, and Group Functions and Others. The Swedish Banking segment caters to customers through digital channels and branches, as well as through cooperating savings banks and franchises.