Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sets New 52-Week High – Here’s What Happened

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.30 and last traded at $7.30, with a volume of 120133 shares traded. The stock had previously closed at $7.22.

Analyst Upgrades and Downgrades

Several brokerages have commented on SVNLY. Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 2nd. Citigroup reissued a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Svenska Handelsbanken Ab Publ presently has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Stock Up 1.1%

The company’s fifty day moving average price is $6.74 and its 200-day moving average price is $6.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market cap of $28.91 billion, a P/E ratio of 11.97 and a beta of 0.56.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its earnings results on Wednesday, October 22nd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 12.80%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Equities analysts forecast that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current year.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.