Swedbank (OTCMKTS:SWDBY) Sets New 12-Month High – What’s Next?

Swedbank AB (OTCMKTS:SWDBY) hit a new 52-week high during trading on Tuesday . The stock traded as high as SEK 30.22 and last traded at SEK 30.21, with a volume of 8900 shares. The stock had previously closed at SEK 30.05.

Analysts Set New Price Targets

A number of research firms have recently commented on SWDBY. UBS Group cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a report on Friday, June 6th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Tuesday, September 2nd. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Swedbank Stock Performance

The company has a fifty day moving average price of SEK 28.55 and a two-hundred day moving average price of SEK 26.28. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $34.41 billion, a P/E ratio of 10.54 and a beta of 0.70.

Swedbank (OTCMKTS:SWDBY) last posted its earnings results on Thursday, July 17th. The financial services provider reported SEK 0.72 EPS for the quarter. Swedbank had a net margin of 25.22% and a return on equity of 16.12%. The business had revenue of SEK 1.76 billion for the quarter. Equities analysts forecast that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

About Swedbank

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.