Barclays Reaffirms Their Hold Rating on Swedbank (0H6T)

Barclays reiterated a Hold rating on Swedbank in a note released September 3. Analyst Namita Samtani kept the stance and set a price target of SEK347.00. Swedbank’s shares closed last Thursday at SEK382.40. According to TipRanks, Samtani ranks #2545 among 12,437 analysts. Street expectations broadly align with a Hold consensus, supported by an average price target of SEK364.00, implying about a 4.81% downside versus current levels. On September 1, Morgan Stanley also upgraded Swedbank to Hold with a SEK386.00 target. Swedbank’s market cap is SEK424B and its P/E ratio is 13.77.