Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Upgraded by Berenberg Bank to “Hold”

Berenberg Bank upgraded shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) to a hold rating in a report published on Wednesday, The Fly reports. The brokerage currently has SEK 101 price objective on the stock, up from their previous price objective of SEK 87.

A number of other research analysts also recently weighed in on the company. UBS Group upgraded Svenska Handelsbanken AB (publ) to a neutral rating and upped their target price for the stock from SEK 96 to SEK 99 in a report on Monday. JPMorgan Chase & Co. upgraded Svenska Handelsbanken AB (publ) to an underweight rating and upped their target price for the stock from SEK 85 to SEK 93 in a report on Wednesday. Barclays upgraded Svenska Handelsbanken AB (publ) to an overweight rating and upped their price target for the stock from SEK 115 to SEK 118 in a research note on Thursday, July 1st. Pareto Securities assumed coverage on Svenska Handelsbanken AB (publ) in a research note on Thursday, June 24th. They issued a buy rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a buy rating on shares of Svenska Handelsbanken AB (publ) in a research note on Wednesday, April 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Svenska Handelsbanken AB (publ) currently has an average rating of Buy and an average target price of $105.20.

SVNLY opened at $5.54 on Wednesday. The firm’s 50 day simple moving average is $5.68. Svenska Handelsbanken AB has a one year low of $4.00 and a one year high of $5.96.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last released its quarterly earnings results on Wednesday, April 21st. The company reported $0.13 EPS for the quarter. The business had revenue of $1.35 billion for the quarter.

About Svenska Handelsbanken AB (publ)

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, Denmark, Finland, the Netherlands, and internationally. 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 accounts, and payment and reconciliation services.

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