Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) had its price objective raised by investment analysts at Deutsche Bank Aktiengesellschaft from SEK 100 to SEK 101 in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has a "hold" rating on the stock.
A number of other research firms have also commented on SVNLY. UBS Group raised Svenska Handelsbanken AB (publ) from a "neutral" rating to a "buy" rating in a research report on Wednesday, September 21st. Barclays increased their price target on Svenska Handelsbanken AB (publ) from SEK 101 to SEK 104 in a research report on Friday, September 2nd. Finally, Credit Suisse Group lowered their price target on Svenska Handelsbanken AB (publ) to SEK 86 in a research report on Tuesday, July 19th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $102.75.
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Shares of OTCMKTS:SVNLY opened at $3.95 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. Svenska Handelsbanken AB has a twelve month low of $3.90 and a twelve month high of $13.95. The stock's 50 day moving average is $4.18 and its 200-day moving average is $4.47. The firm has a market capitalization of $15.64 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 2.31 and a beta of 0.78.
Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) last issued its earnings results on Friday, July 15th. The company reported $0.11 earnings per share for the quarter. Svenska Handelsbanken AB (publ) had a return on equity of 10.90% and a net margin of 36.75%. The company had revenue of $1.12 billion for the quarter. Sell-side analysts forecast that Svenska Handelsbanken AB will post 0.44 EPS for the current fiscal year.About Svenska Handelsbanken AB (publ)
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Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, China, Germany, France, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services.
Further Reading
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