Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) has earned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $105.50.
SVNLY has been the topic of a number of research analyst reports. Barclays reduced their target price on Svenska Handelsbanken AB (publ) from SEK 105 to SEK 104 in a report on Wednesday, April 6th. Danske upgraded Svenska Handelsbanken AB (publ) from a “hold” rating to a “buy” rating and set a SEK 115 target price on the stock in a report on Friday, April 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Svenska Handelsbanken AB (publ) from SEK 118 to SEK 108 and set a “buy” rating on the stock in a report on Wednesday, April 6th. Finally, JPMorgan Chase & Co. reduced their target price on Svenska Handelsbanken AB (publ) from SEK 100 to SEK 85 and set an “underweight” rating on the stock in a report on Monday, March 14th.
Shares of SVNLY stock traded down $0.05 during mid-day trading on Tuesday, hitting $4.76. 294,521 shares of the company’s stock were exchanged, compared to its average volume of 285,026. Svenska Handelsbanken AB has a fifty-two week low of $4.20 and a fifty-two week high of $13.95. The stock has a 50-day simple moving average of $4.78 and a two-hundred day simple moving average of $5.41. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.41 and a beta of 0.93.
Svenska Handelsbanken AB (publ) Company Profile (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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