Skandinaviska (OTCMKTS:SVKEF) Sets New 12-Month High – Time to Buy?

Skandinaviska (OTCMKTS:SVKEF) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $20.44 and last traded at $20.44, with a volume of 343 shares traded. The stock had previously closed at $18.8150.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SVKEF shares. Barclays reissued an “overweight” rating on shares of Skandinaviska in a research note on Wednesday, December 10th. Citigroup reissued a “neutral” rating on shares of Skandinaviska in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Skandinaviska has an average rating of “Moderate Buy”.

Skandinaviska Stock Performance

The firm has a market capitalization of $41.64 billion, a P/E ratio of 13.45 and a beta of 0.46. The company has a debt-to-equity ratio of 4.38, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a 50-day moving average price of $19.02 and a two-hundred day moving average price of $18.30.

Skandinaviska Company Profile

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions.