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

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) has received a consensus rating of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.

A number of brokerages recently issued reports on SVNLY. Morgan Stanley reissued 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 report on Tuesday, October 14th.

Svenska Handelsbanken Ab Publ Price Performance

Svenska Handelsbanken Ab Publ stock opened at $6.50 on Friday. The company’s 50-day moving average price is $6.50 and its two-hundred day moving average price is $6.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.06 and a quick ratio of 2.06. Svenska Handelsbanken Ab Publ has a twelve month low of $4.90 and a twelve month high of $6.84.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Svenska Handelsbanken Ab Publ had a return on equity of 13.07% and a net margin of 15.97%. On average, equities research analysts predict that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current year.

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.