Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Receives Average Recommendation of “Reduce” from Analysts

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) has received a consensus rating of “Reduce” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have issued a hold rating on the company.

SVNLY has been the subject of several research analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, September 2nd. Danske cut Svenska Handelsbanken Ab Publ to a “hold” rating in a report on Friday, July 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th.

Svenska Handelsbanken Ab Publ Price Performance

SVNLY opened at $6.48 on Monday. The stock’s 50 day simple moving average is $6.44 and its 200 day simple moving average is $6.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.06 and a quick ratio of 2.06. Svenska Handelsbanken Ab Publ has a 1 year low of $4.90 and a 1 year high of $6.83. The firm has a market cap of $25.66 billion, a price-to-earnings ratio of 10.62 and a beta of 0.71.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Svenska Handelsbanken Ab Publ had a return on equity of 13.07% and a net margin of 15.97%.The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. As a group, analysts predict that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current year.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, Finland, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services, as well as foreign exchange rate services.