Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Free Report)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.25 and traded as low as $4.09. Svenska Handelsbanken AB (publ) shares last traded at $4.12, with a volume of 469,436 shares.
Wall Street Analysts Forecast Growth
Separately, Barclays raised shares of Svenska Handelsbanken AB (publ) from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.50.
Svenska Handelsbanken AB (publ) Stock Performance
Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Free Report) last announced its quarterly earnings results on Wednesday, July 19th. The company reported $0.16 EPS for the quarter. Svenska Handelsbanken AB (publ) had a net margin of 19.60% and a return on equity of 12.86%. The business had revenue of $1.44 billion for the quarter. As a group, research analysts anticipate that Svenska Handelsbanken AB will post 0.64 EPS for the current fiscal year.
About Svenska Handelsbanken AB (publ)
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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