Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Receives $107.00 Average Price Target from Analysts

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEFGet Rating) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $107.00.

A number of brokerages have issued reports on SVKEF. Cheuvreux raised Skandinaviska Enskilda Banken AB (publ) from a “hold” rating to a “buy” rating and set a SEK 134 price target for the company in a report on Wednesday, April 20th. JPMorgan Chase & Co. decreased their price target on Skandinaviska Enskilda Banken AB (publ) from SEK 110 to SEK 90 and set an “underweight” rating for the company in a report on Monday, March 14th. Credit Suisse Group lifted their price target on Skandinaviska Enskilda Banken AB (publ) to SEK 99 in a report on Thursday. Nordea Equity Research raised Skandinaviska Enskilda Banken AB (publ) from a “hold” rating to a “buy” rating in a report on Friday, January 28th. Finally, Barclays decreased their price target on Skandinaviska Enskilda Banken AB (publ) from SEK 111 to SEK 105 in a report on Wednesday, April 6th.

OTCMKTS:SVKEF opened at $11.05 on Friday. The firm has a market cap of $23.87 billion, a PE ratio of 8.13 and a beta of 0.91. The stock has a fifty day moving average price of $11.21 and a 200 day moving average price of $13.23. Skandinaviska Enskilda Banken AB has a 12-month low of $9.65 and a 12-month high of $16.05. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 3.78.

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEFGet Rating) last released its earnings results on Thursday, January 27th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $1.57 billion during the quarter. Skandinaviska Enskilda Banken AB (publ) had a return on equity of 13.57% and a net margin of 44.27%.

Skandinaviska Enskilda Banken AB (publ) Company Profile (Get Rating)

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. It operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Baltic, Life, and Investment Management divisions. The company offers research and strategy services; analysis, advisory, execution, and trading services in the foreign exchange, fixed income, equities, and commodities markets; transaction services, including cash management, trade and supply chain finance, and business services; and investor services.

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Analyst Recommendations for Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF)

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