Swedbank AB (OTCMKTS:SWDBY – Get Free Report) shares saw an uptick in trading volume on Wednesday. 48,345 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 27,816 shares. The stock last traded at SEK 39.94 and had previously closed at SEK 40.38.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Barclays raised Swedbank from a “cautious” rating to an “overweight” rating in a research note on Friday, October 9th. The Goldman Sachs Group raised Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Citigroup reissued a “neutral” rating on shares of Swedbank in a research note on Monday, October 12th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a report on Wednesday, June 24th. Finally, Zacks Research lowered Swedbank from a “hold” rating to a “strong sell” rating in a report on Friday, September 11th. Two equities 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on SWDBY
Swedbank Price Performance
The company’s 50 day moving average price is SEK 40.25 and its 200-day moving average price is SEK 38. The company has a market cap of $44.79 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 2.91 and a beta of 0.71. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.47 and a current ratio of 1.47.
About Swedbank
Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its main activities include deposit accounts, consumer and mortgage lending, business financing, payment services, card products, investment services and insurance-related offerings.
The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital channels, branches and other distribution networks, Swedbank offers everyday banking, savings and investment products, as well as services for corporate cash management, payments and capital financing.
Swedbank’s history is rooted in Sweden’s savings-bank movement, which dates back to the early 19th century.
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