Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) has received an average recommendation of "Hold" from the eight ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $103.00.

Several analysts have issued reports on the company. Barclays cut Svenska Handelsbanken AB (publ) from an "overweight" rating to an "equal weight" rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Svenska Handelsbanken AB (publ) from SEK 105 to SEK 110 and gave the stock an "underweight" rating in a research report on Wednesday, December 7th.

Svenska Handelsbanken AB (publ) Trading Down 2.2 %

Shares of OTCMKTS SVNLY opened at $4.12 on Tuesday. The stock's 50 day moving average price is $5.03 and its two-hundred day moving average price is $4.77. Svenska Handelsbanken AB has a 52-week low of $3.90 and a 52-week high of $5.45. The stock has a market capitalization of $16.32 billion, a P/E ratio of 7.49, a PEG ratio of 1.61 and a beta of 0.81. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.23.

Svenska Handelsbanken AB (publ) Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 13th. Investors of record on Friday, March 24th will be given a $0.2699 dividend. The ex-dividend date is Thursday, March 23rd. This is an increase from Svenska Handelsbanken AB (publ)'s previous dividend of $0.19. This represents a yield of 5.95%. Svenska Handelsbanken AB (publ)'s dividend payout ratio (DPR) is currently 49.09%.

About Svenska Handelsbanken AB (publ)

(Get Rating)

Svenska Handelsbanken AB engages in the provision of financial and banking services. It operates through the following segments: Sweden, United Kingdom, Denmark, Finland, Norway, The Netherlands, Capital Markets, and Others. The Capital Markets segment refers to the investment bank, including securities trading, and investment advisory services.

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