Swedbank (OTCMKTS:SWDBY) Hits New 1-Year High – What’s Next?

Swedbank AB (OTCMKTS:SWDBY – Get Free Report)’s stock price reached a new 52-week high during trading on Monday. The company traded as high as SEK 42.38 and last traded at SEK 42.38, with a volume of 16,850 shares trading hands. The stock had previously closed at SEK 40.50.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SWDBY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Swedbank in a research note on Wednesday, September 16th. Zacks Research lowered shares of Swedbank from a “hold” rating to a “strong sell” rating in a report on Friday, September 11th. Barclays raised shares of Swedbank from a “cautious” rating to an “overweight” rating in a research report on Friday, October 9th. The Goldman Sachs Group upgraded Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Monday, October 12th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Swedbank has a consensus rating of “Hold”.

View Our Latest Stock Analysis on Swedbank

Swedbank Stock Performance

The company has a debt-to-equity ratio of 4.25, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a fifty day simple moving average of SEK 40.26 and a two-hundred day simple moving average of SEK 38. The firm has a market capitalization of $47.66 billion, a P/E ratio of 14.52, a P/E/G ratio of 2.95 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported SEK 0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of SEK 0.73 by SEK 0.03. The firm had revenue of SEK 1.86 billion for the quarter. Swedbank had a return on equity of 14.76% and a net margin of 28.94%. On average, research analysts predict that Swedbank AB will post 2.74 EPS for the current year.

Swedbank Company Profile

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