Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Receives Consensus Rating of “Reduce” from Brokerages

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) has received a consensus rating of “Reduce” from the seven analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating and five have issued a hold rating on the company.

Several research firms recently commented on SVNLY. Citigroup reaffirmed a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, October 14th. Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 2nd.

Svenska Handelsbanken Ab Publ Price Performance

OTCMKTS SVNLY opened at $6.94 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 2.10. The business has a 50 day simple moving average of $6.61 and a 200 day simple moving average of $6.49. Svenska Handelsbanken Ab Publ has a 52-week low of $4.93 and a 52-week high of $7.04.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 12.80%. As a group, analysts forecast that Svenska Handelsbanken Ab Publ will post 0.54 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, 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.