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

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) have been assigned an average rating of “Reduce” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company.

A number of research analysts have recently commented on SVNLY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 2nd. Citigroup reaffirmed a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, October 14th. Finally, Danske downgraded shares of Svenska Handelsbanken Ab Publ to a “hold” rating in a research note on Friday, July 11th.

Svenska Handelsbanken Ab Publ Stock Up 0.8%

Shares of Svenska Handelsbanken Ab Publ stock opened at $6.65 on Monday. The firm’s fifty day simple moving average is $6.44 and its 200-day simple moving average is $6.35. Svenska Handelsbanken Ab Publ has a 12 month low of $4.90 and a 12 month high of $6.83. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.19.

About Svenska Handelsbanken Ab Publ

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, Finland, 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, as well as foreign exchange rate services.