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

Skandinaviska (OTCMKTS:SVKEF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.53 and last traded at $22.53, with a volume of 504 shares trading hands. The stock had previously closed at $21.71.

Analyst Ratings Changes

A number of equities analysts have commented on SVKEF shares. Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a research note on Thursday. Barclays reaffirmed an “overweight” rating on shares of Skandinaviska in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Skandinaviska Price Performance

The business’s 50 day moving average price is $20.18 and its two-hundred day moving average price is $19.00. The stock has a market cap of $45.89 billion, a P/E ratio of 14.82 and a beta of 0.44. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 4.38.

About Skandinaviska

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. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.