Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Receives $106.88 Consensus PT from Analysts

Shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) have been assigned an average rating of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $106.88.

Several research firms have weighed in on SVNLY. Danske raised Svenska Handelsbanken AB (publ) from a “hold” rating to a “buy” rating and set a SEK 115 target price on the stock in a research note on Friday, April 8th. Barclays increased their target price on Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a research note on Thursday, May 12th. JPMorgan Chase & Co. cut their target price on Svenska Handelsbanken AB (publ) from SEK 100 to SEK 85 and set an “underweight” rating on the stock in a research note on Monday, March 14th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Svenska Handelsbanken AB (publ) from SEK 118 to SEK 108 and set a “buy” rating on the stock in a research note on Wednesday, April 6th.

Shares of SVNLY opened at $4.86 on Friday. Svenska Handelsbanken AB has a 12-month low of $4.20 and a 12-month high of $13.95. The stock’s fifty day simple moving average is $4.79 and its 200-day simple moving average is $5.27.

The firm also recently declared a dividend, which was paid on Thursday, April 14th. Shareholders of record on Friday, March 25th were issued a $0.1902 dividend. The ex-dividend date was Thursday, March 24th. This represents a dividend yield of 6.83%. Svenska Handelsbanken AB (publ)’s dividend payout ratio (DPR) is currently 38.78%.

About Svenska Handelsbanken AB (publ) (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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