Swedbank AB (SWDBY) Stock Rating Lowered by JPMorgan Chase & Co.
Swedbank AB (NASDAQ:SWDBY) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday.
SWDBY has been the topic of a number of other reports. Zacks Investment Research lowered shares of Swedbank AB from a “buy” rating to a “hold” rating in a research note on Saturday, August 20th. Jefferies Group upgraded shares of Swedbank AB from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Royal Bank Of Canada upgraded shares of Swedbank AB from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. upgraded shares of Swedbank AB from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.
Swedbank AB (NASDAQ:SWDBY) traded down 0.2917% during trading on Friday, reaching $23.4115. 1,955 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $22.97 and a 200-day moving average of $21.58. Swedbank AB has a 52 week low of $18.15 and a 52 week high of $24.16. The stock has a market capitalization of $26.00 billion and a PE ratio of 12.2381.
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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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