Shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) have been assigned an average recommendation of "Hold" from the seven brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $100.17.

A number of equities analysts have recently issued reports on SVNLY shares. Credit Suisse Group dropped their price objective on shares of Svenska Handelsbanken AB (publ) to SEK 86 in a research note on Tuesday, July 19th. Barclays raised their target price on shares of Svenska Handelsbanken AB (publ) from SEK 101 to SEK 104 in a research note on Friday, September 2nd. UBS Group upgraded shares of Svenska Handelsbanken AB (publ) from a "neutral" rating to a "buy" rating in a research note on Wednesday, September 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Svenska Handelsbanken AB (publ) from SEK 100 to SEK 101 and gave the company a "hold" rating in a research note on Tuesday, October 11th.

Svenska Handelsbanken AB (publ) Stock Performance

Shares of OTCMKTS:SVNLY opened at $4.73 on Friday. The firm has a market cap of $18.73 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.70 and a beta of 0.83. The firm's 50 day simple moving average is $4.25 and its 200-day simple moving average is $4.44. Svenska Handelsbanken AB has a one year low of $3.90 and a one year high of $13.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.89 and a current ratio of 1.89.

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.

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