Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Reaches New 1-Year High – Here’s What Happened

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY)’s stock price hit a new 52-week high on Saturday . The company traded as high as $7.62 and last traded at $7.62, with a volume of 114785 shares trading hands. The stock had previously closed at $7.59.

Wall Street Analysts Forecast Growth

SVNLY has been the topic of several analyst reports. Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Friday, January 9th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Trading Up 0.4%

The company has a market cap of $30.18 billion, a P/E ratio of 12.49 and a beta of 0.57. The business’s 50-day moving average price is $7.03 and its 200 day moving average price is $6.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.10 and a current ratio of 2.10.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its earnings results on Wednesday, October 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 12.80%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. As a group, analysts expect that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current year.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.