Skandinaviska (OTCMKTS:SVKEF) Shares Gap Up – What’s Next?

Skandinaviska (OTCMKTS:SVKEF) gapped up prior to trading on Wednesday . The stock had previously closed at $18.72, but opened at $20.50. Skandinaviska shares last traded at $20.50, with a volume of 1,394 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SVKEF shares. Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a research report on Friday, May 1st. Barclays downgraded Skandinaviska from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Jefferies Financial Group reiterated a “hold” rating on shares of Skandinaviska in a research note on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Skandinaviska in a report on Monday, April 13th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Skandinaviska currently has an average rating of “Hold”.

Skandinaviska Stock Performance

The firm has a 50 day moving average of $19.51 and a 200 day moving average of $20.25. The firm has a market cap of $41.16 billion, a PE ratio of 11.55 and a beta of 0.56. The company has a quick ratio of 1.45, a current 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.