Barclays Boosts Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Price Target to SEK 115

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) had its target price boosted by analysts at Barclays from SEK 104 to SEK 115 in a report issued on Thursday, The Fly reports.

A number of other research analysts have also commented on SVNLY. Danske upgraded Svenska Handelsbanken AB (publ) from a “hold” rating to a “buy” rating and set a SEK 115 target price for the company in a research note on Friday, April 8th. Deutsche Bank Aktiengesellschaft cut their target price on Svenska Handelsbanken AB (publ) from SEK 118 to SEK 108 and set a “buy” rating for the company in a research note on Wednesday, April 6th. Finally, JPMorgan Chase & Co. cut their target price on Svenska Handelsbanken AB (publ) from SEK 100 to SEK 85 and set an “underweight” rating for the company in a research note on Monday, March 14th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.88.

Shares of OTCMKTS SVNLY opened at $4.71 on Thursday. The business has a fifty day simple moving average of $4.76 and a 200 day simple moving average of $5.30. The firm has a market capitalization of $18.30 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.41 and a beta of 0.79. Svenska Handelsbanken AB has a one year low of $4.20 and a one year high of $13.95.

Svenska Handelsbanken AB (publ) Company Profile (Get Rating)

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, China, Germany, France, 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.

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