Swedbank AB (NASDAQ:SWDBY) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Friday.

A number of other brokerages have also commented on SWDBY. Goldman Sachs Group Inc. raised Swedbank AB from a “sell” rating to a “neutral” rating in a report on Tuesday, June 28th. Royal Bank Of Canada upgraded Swedbank AB from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, June 28th. Jefferies Group upgraded Swedbank AB from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Finally, Zacks Investment Research upgraded Swedbank AB from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, August 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.00.

Shares of Swedbank AB (NASDAQ:SWDBY) traded down 0.2917% on Friday, reaching $23.4115. The company had a trading volume of 1,864 shares. The firm has a market capitalization of $26.00 billion and a PE ratio of 12.2381. Swedbank AB has a 12 month low of $18.15 and a 12 month high of $24.16. The company’s 50-day moving average is $22.97 and its 200 day moving average is $21.58.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/swedbank-ab-swdby-rating-lowered-to-neutral-at-jpmorgan-chase-co.html

Swedbank AB Company Profile

Swedbank AB is a savings bank. The Company’s segments include Swedish Banking, Baltic Banking, Large Corporates & Institutions, and Group Functions & Other. Its Swedish Banking segment offers services through its own branch network, the Telephone Bank, the Internet Bank and the distribution network of the independent savings banks.

5 Day Chart for NASDAQ:SWDBY

Receive News & Ratings for Swedbank AB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swedbank AB and related companies with MarketBeat.com's FREE daily email newsletter.