In a report released today, Shrey Srivastava from Citi maintained a Hold rating on Swedbank, with a price target of SEK276.00. The company’s shares closed yesterday at SEK288.25.
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Srivastava covers the Financial sector, focusing on stocks such as Danske Bank, Skandinaviska Enskilda Banken AB, and Svenska Handelsbanken AB. According to TipRanks, Srivastava has an average return of 18.4% and an 87.50% success rate on recommended stocks.
In addition to Citi, Swedbank also received a Hold from Jefferies’s Alex Demetriou in a report issued on October 8. However, on October 9, Morgan Stanley maintained a Sell rating on Swedbank (LSE: 0H6T).
Based on Swedbank’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of SEK28.92 billion and a net profit of SEK7.89 billion. In comparison, last year the company earned a revenue of SEK40.56 billion and had a net profit of SEK8.6 billion
Read More on GB:0H6T:
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