Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Given Average Recommendation of “Reduce” by Brokerages

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) has earned a consensus rating of “Reduce” from the six analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company.

SVNLY has been the topic of a number of recent research reports. Hsbc Global Res lowered Svenska Handelsbanken AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Svenska Handelsbanken AB (publ) in a report on Tuesday, May 13th. Kepler Capital Markets lowered Svenska Handelsbanken AB (publ) from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 21st. Citigroup reissued a “neutral” rating on shares of Svenska Handelsbanken AB (publ) in a report on Wednesday, May 21st. Finally, HSBC lowered Svenska Handelsbanken AB (publ) from a “buy” rating to a “hold” rating in a report on Friday, April 4th.

Svenska Handelsbanken AB (publ) Trading Up 0.9%

SVNLY opened at $6.63 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 2.08. The company’s 50 day simple moving average is $6.32 and its two-hundred day simple moving average is $5.91. Svenska Handelsbanken AB has a 1-year low of $4.55 and a 1-year high of $6.83. The firm has a market capitalization of $26.26 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.94 and a beta of 0.78.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Svenska Handelsbanken AB (publ) had a net margin of 14.89% and a return on equity of 13.62%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.47 billion. Analysts expect that Svenska Handelsbanken AB will post 0.54 EPS for the current fiscal year.

Svenska Handelsbanken AB (publ) Company Profile

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, Finland, 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, as well as foreign exchange rate services.