Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Receives Average Recommendation of “Reduce” from Brokerages

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLYGet Free Report) has earned a consensus rating of “Reduce” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company.

Separately, Citigroup reissued a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, October 14th.

Check Out Our Latest Stock Analysis on Svenska Handelsbanken Ab Publ

Svenska Handelsbanken Ab Publ Stock Performance

Shares of SVNLY opened at $7.39 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.18. Svenska Handelsbanken Ab Publ has a 52-week low of $4.93 and a 52-week high of $7.52. The company has a 50-day simple moving average of $6.87 and a 200-day simple moving average of $6.57.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLYGet Free Report) last issued its earnings results on Wednesday, October 22nd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 12.80%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. On average, analysts predict that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current year.

About Svenska Handelsbanken Ab Publ

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY)

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