Swedbank (OTCMKTS:SWDBY) Sets New 12-Month High – Still a Buy?

Swedbank AB (OTCMKTS:SWDBY) reached a new 52-week high during mid-day 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 traded. The stock had previously closed at SEK 30.05.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group cut Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 6th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research note on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

Swedbank Stock Up 0.5%

The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.89. The stock has a market cap of $33.99 billion, a P/E ratio of 10.42 and a beta of 0.71. The firm has a 50-day simple moving average of SEK 28.40 and a two-hundred day simple moving average of SEK 26.22.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported SEK 0.72 earnings per share for the quarter. The firm had revenue of SEK 1.76 billion for the quarter. Swedbank had a return on equity of 16.12% and a net margin of 25.22%. Equities research analysts expect 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.