Swedbank AB (SWDBY) Rating Lowered to Neutral at JPMorgan Chase & Co.
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.
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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.
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