Morgan Stanley upgraded shares of Swedbank AB (publ) (OTCMKTS:SWDBY) to an overweight rating in a report published on Wednesday, The Fly reports.
Other equities analysts have also issued research reports about the company. The Goldman Sachs Group raised Swedbank AB (publ) from a sell rating to a neutral rating in a research report on Tuesday, May 11th. Berenberg Bank reissued a hold rating on shares of Swedbank AB (publ) in a research report on Friday, April 30th. JPMorgan Chase & Co. upgraded Swedbank AB (publ) from a neutral rating to an overweight rating in a report on Wednesday, June 23rd. They noted that the move was a valuation call. AlphaValue upgraded Swedbank AB (publ) to a buy rating in a report on Tuesday, May 4th. Finally, Keefe, Bruyette & Woods downgraded Swedbank AB (publ) from an outperform rating to a market perform rating in a report on Friday, May 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Swedbank AB (publ) currently has an average rating of Buy and a consensus target price of $189.00.
Shares of Swedbank AB (publ) stock opened at $19.02 on Wednesday. The company has a debt-to-equity ratio of 5.55, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market capitalization of $21.53 billion, a price-to-earnings ratio of 8.97 and a beta of 1.00. The firm’s fifty day moving average price is $18.63. Swedbank AB has a 12 month low of $14.97 and a 12 month high of $19.89.
About Swedbank AB (publ)
Swedbank AB (publ) provides various banking products and services to individuals and companies. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers savings, salary, and current accounts; private residential and corporate lending; leasing, factoring, and financing services; consumer, mortgage, acquisition and project, export, and marine financing; mutual funds; and asset management, and life insurance and pension services.
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