Credit Suisse Group Lowers Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) to Underperform

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLYGet Rating) was downgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday, The Fly reports.

SVNLY has been the topic of several other reports. JPMorgan Chase & Co. dropped 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 report on Monday, March 14th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Barclays boosted their target price on shares of Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a research report on Thursday, May 12th. Finally, Danske upgraded shares of Svenska Handelsbanken AB (publ) from a “hold” rating to a “buy” rating and set a SEK 115 price target on the stock in a report on Friday, April 8th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Svenska Handelsbanken AB (publ) has a consensus rating of “Hold” and a consensus target price of $106.88.

OTCMKTS SVNLY opened at $5.10 on Friday. Svenska Handelsbanken AB has a 1-year low of $4.20 and a 1-year high of $13.95. The company has a market capitalization of $19.84 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 0.41 and a beta of 0.79. The firm’s fifty day simple moving average is $4.83 and its 200-day simple moving average is $5.22.

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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