Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sees Unusually-High Trading Volume – Still a Buy?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) shares saw strong trading volume on Monday. Approximately 814,030 shares were traded during mid-day trading, an increase of 321% from the previous session’s volume of 193,352 shares. The stock last traded at $7.59 and had previously closed at $7.60.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 1st. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, July 20th. Barclays reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, June 22nd. Citigroup cut Svenska Handelsbanken Ab Publ from a “hold” rating to a “sell” rating in a research report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Wednesday, September 16th. One analyst has rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Strong Sell”.

Svenska Handelsbanken Ab Publ Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market capitalization of $30.03 billion, a PE ratio of 10.68, a P/E/G ratio of 0.45 and a beta of 0.62. The company has a 50-day moving average price of $7.69 and a 200-day moving average price of $7.32.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last posted its quarterly earnings data on Wednesday, July 15th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Svenska Handelsbanken Ab Publ had a return on equity of 14.30% and a net margin of 17.75%.The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Sell-side analysts forecast that Svenska Handelsbanken Ab Publ will post 0.59 EPS for the current year.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB publ is a Swedish universal bank founded in Stockholm in 1871. The company provides banking and financial services to individuals, businesses and institutional customers, with an emphasis on relationship-based banking and local decision-making.

Its products and services include current and savings accounts, mortgages, consumer lending, corporate loans, payment services, cash management, trade finance, investment services, pensions and wealth management. Through its asset-management operations, the group also offers investment products and related advisory services.

Handelsbanken serves customers primarily in Sweden, Norway, the United Kingdom and the Netherlands through branch and digital banking channels.