Swedbank AB (publ) (OTCMKTS:SWDBY) Sets New 52-Week High – Should You Buy?

Swedbank AB (publ) (OTCMKTS:SWDBY)’s share price reached a new 52-week high on Monday . The company traded as high as SEK 26.62 and last traded at SEK 26.62, with a volume of 64797 shares changing hands. The stock had previously closed at SEK 26.13.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SWDBY. Barclays downgraded Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd. Hsbc Global Res lowered Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Citigroup downgraded shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Monday, March 31st.

Swedbank AB (publ) Price Performance

The firm has a 50 day moving average price of SEK 23.94 and a two-hundred day moving average price of SEK 22.21. The company has a market cap of $29.96 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.93 and a beta of 0.80. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.50 and a current ratio of 1.52.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. The firm had revenue of SEK 1.62 billion for the quarter. On average, analysts predict that Swedbank AB will post 2.34 EPS for the current fiscal year.

About Swedbank AB (publ)

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.