Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Given Consensus Recommendation of “Reduce” by Brokerages

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) has earned a consensus rating of “Reduce” from the seven ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company.

Several equities analysts have recently issued reports on SVNLY shares. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Friday, January 9th. Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th.

Svenska Handelsbanken Ab Publ Stock Performance

OTCMKTS:SVNLY opened at $7.86 on Wednesday. Svenska Handelsbanken Ab Publ has a 52 week low of $4.93 and a 52 week high of $8.12. The company has a fifty day simple moving average of $7.27 and a two-hundred day simple moving average of $6.72. 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 Company Profile

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.