Swedbank AB (OTCMKTS:SWDBY - Get Free Report) shares fell 0.4% during mid-day trading on Monday . The stock traded as low as SEK 26.35 and last traded at SEK 26.37. 13,900 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 25,879 shares. The stock had previously closed at SEK 26.48.
Wall Street Analysts Forecast Growth
SWDBY has been the subject of several recent research reports. UBS Group cut Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Hsbc Global Res downgraded shares of Swedbank from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Citigroup cut shares of Swedbank from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold".
Get Our Latest Analysis on Swedbank
Swedbank Price Performance
The firm has a 50-day moving average of SEK 26.09 and a 200 day moving average of SEK 23.82. The stock has a market capitalization of $29.67 billion, a price-to-earnings ratio of 9.12 and a beta of 0.78.
Swedbank (OTCMKTS:SWDBY - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 earnings per share for the quarter. The business had revenue of SEK 1.62 billion during the quarter. Swedbank had a net margin of 24.34% and a return on equity of 16.45%. On average, equities analysts forecast that Swedbank AB will post 2.34 earnings per share for the current year.
About Swedbank
(
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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