Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Given Consensus Rating of “Reduce” by Analysts

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) have been assigned a consensus recommendation 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 recommendation and five have given a hold recommendation to the company.

A number of equities analysts recently commented on SVNLY shares. Danske lowered Svenska Handelsbanken Ab Publ to a “hold” rating in a research note on Friday, July 11th. Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 2nd.

Svenska Handelsbanken Ab Publ Stock Up 0.9%

Svenska Handelsbanken Ab Publ stock opened at $6.53 on Thursday. The stock’s 50 day moving average is $6.36 and its 200 day moving average is $6.31. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.19. Svenska Handelsbanken Ab Publ has a one year low of $4.73 and a one year high of $6.83.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last posted its quarterly earnings data on Wednesday, July 16th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. Svenska Handelsbanken Ab Publ had a return on equity of 13.22% and a net margin of 15.69%. On average, research analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current fiscal year.

Svenska Handelsbanken Ab Publ Company Profile

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.