Skandinaviska (OTCMKTS:SVKEF) Shares Gap Up – Time to Buy?

Skandinaviska (OTCMKTS:SVKEF) gapped up before the market opened on Tuesday . The stock had previously closed at $18.60, but opened at $20.32. Skandinaviska shares last traded at $20.32, with a volume of 100 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently commented on SVKEF shares. Jefferies Financial Group reissued a “hold” rating on shares of Skandinaviska in a research note on Wednesday, April 8th. Barclays cut Skandinaviska from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Citigroup reissued a “neutral” rating on shares of Skandinaviska in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Skandinaviska in a research note on Monday. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Skandinaviska currently has an average rating of “Hold”.

Skandinaviska Trading Up 9.2%

The stock has a market capitalization of $41.39 billion, a price-to-earnings ratio of 11.61 and a beta of 0.52. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 4.38. The company has a fifty day moving average of $20.61 and a two-hundred day moving average of $20.13.

About Skandinaviska

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.