Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sets New 52-Week High – Here’s What Happened

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) reached a new 52-week high during trading on Monday. The stock traded as high as $8.26 and last traded at $8.25, with a volume of 4,206 shares changing hands. The stock had previously closed at $8.1650.

Analysts Set New Price Targets

A number of brokerages recently commented on SVNLY. The Goldman Sachs Group reiterated a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Wednesday, September 16th. Citigroup reaffirmed a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Friday, October 9th. Barclays upgraded Svenska Handelsbanken Ab Publ from an “underweight” rating to a “positive” rating in a report on Friday, October 9th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Trading Up 3.4%

The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $32.67 billion, a PE ratio of 11.79 and a beta of 0.61. The stock’s fifty day moving average price is $7.72 and its two-hundred day moving average price is $7.46.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its quarterly earnings results on Wednesday, October 21st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. Svenska Handelsbanken Ab Publ had a return on equity of 14.23% and a net margin of 17.64%. Sell-side analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.58 earnings per share for the current year.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB, commonly known as Handelsbanken, is a Swedish universal bank founded in Stockholm in 1871. It provides banking and financial services to individuals, businesses and institutions.

Its services include deposit accounts, payments, mortgages and other lending, savings and investment products, and wealth management. The bank also serves corporate clients with financing and cash-management services.

Handelsbanken is based in Sweden and has banking operations in the United Kingdom, Norway and the Netherlands.