Zacks Investment Research Upgrades SEB Group (SVKEF) to Buy

SEB Group (OTCMKTS:SVKEF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $12.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 16.10% from the company’s previous close.

According to Zacks, “Skandinaviska Enskilda Banken AB provides corporate, retail, investment and private banking services. It offers savings account, investment banking, securities brokerage services, loans, pensions and insurance products. The company operates primarily in Sweden, Norway, Denmark, Finland, Estonia, Latvia, Lithuania, Germany, Poland, Ukraine, China, Great Britain, Ireland, Luxembourg, Russia, Singapore, the United States and internationally. Skandinaviska Enskilda Banken AB is headquartered in Stockholm, Sweden. “

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Shares of OTCMKTS:SVKEF opened at $10.34 on Thursday. The company has a market capitalization of $22,503.10, a P/E ratio of 11.52 and a beta of 1.53. SEB Group has a 1 year low of $10.15 and a 1 year high of $12.93.

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SEB Group Company Profile

Skandinaviska Enskilda Banken AB (publ.) provides corporate, retail, investment, and private banking services in Sweden and internationally. It operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Baltic, Life & Investment Management, and Other segments.

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