Swedbank AB (publ) (OTCMKTS:SWDBY) Reaches New 1-Year High – Here’s Why

Swedbank AB (publ) (OTCMKTS:SWDBY)’s share price reached a new 52-week high on Tuesday . The company traded as high as SEK 24.46 and last traded at SEK 24.40, with a volume of 14991 shares. The stock had previously closed at SEK 23.86.

Analysts Set New Price Targets

Separately, Barclays cut shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd.

Swedbank AB (publ) Stock Up 2.3 %

The company has a 50 day moving average of SEK 21.44 and a 200-day moving average of SEK 20.77. The company has a market cap of $27.46 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. On average, equities analysts predict that Swedbank AB will post 2.34 earnings per share for the current year.

Swedbank AB (publ) Company Profile

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.