Shares of Swedbank AB (OTCMKTS:SWDBY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as SEK 27.79 and last traded at SEK 27.79, with a volume of 500 shares trading hands. The stock had previously closed at SEK 27.56.
Analysts Set New Price Targets
Separately, UBS Group downgraded Swedbank from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold".
Read Our Latest Stock Analysis on SWDBY
Swedbank Stock Up 0.7%
The stock has a 50 day moving average price of SEK 26.40 and a 200 day moving average price of SEK 24.80. The stock has a market capitalization of $31.23 billion, a price-to-earnings ratio of 9.57 and a beta of 0.71. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 3.89.
Swedbank (OTCMKTS:SWDBY - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported SEK 0.72 earnings per share for the quarter. Swedbank had a return on equity of 16.12% and a net margin of 25.22%. The company had revenue of SEK 1.76 billion for the quarter. As a group, analysts forecast that Swedbank AB will post 2.34 EPS for the current year.
Swedbank Company Profile
(
Get Free Report)
Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.
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