Skandinaviska (OTCMKTS:SVKEF) Reaches New 52-Week High – What’s Next?

Skandinaviska (OTCMKTS:SVKEF) reached a new 52-week high on Tuesday . The stock traded as high as $23.50 and last traded at $23.50, with a volume of 100 shares trading hands. The stock had previously closed at $22.51.

Analysts Set New Price Targets

SVKEF has been the topic of a number of research reports. The Goldman Sachs Group restated a “neutral” rating on shares of Skandinaviska in a research note on Monday, July 20th. Citigroup reissued a “neutral” rating on shares of Skandinaviska in a research report on Tuesday, July 7th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Skandinaviska Stock Up 1.4%

The company has a 50-day moving average of $21.58 and a two-hundred day moving average of $20.52. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $47.87 billion, a PE ratio of 12.70 and a beta of 0.56.

Skandinaviska (OTCMKTS:SVKEF) last posted its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.97 billion. Skandinaviska had a return on equity of 15.60% and a net margin of 21.30%.

Skandinaviska Company Profile

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group that provides banking and financial solutions to companies, institutions and private individuals. Its activities include corporate and investment banking, commercial banking, payments, lending, savings, wealth management and insurance-related services.

SEB serves customers primarily in Sweden and other Nordic and Baltic countries, with additional operations and client relationships in selected European markets.