Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) have been assigned an average rating of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

Separately, Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Thursday, February 12th.

Svenska Handelsbanken Ab Publ Stock Performance

OTCMKTS:SVNLY opened at $7.95 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $7.56 and a 200-day simple moving average of $6.90. Svenska Handelsbanken Ab Publ has a 52-week low of $4.93 and a 52-week high of $8.26.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its earnings results on Wednesday, February 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Svenska Handelsbanken Ab Publ had a return on equity of 14.42% and a net margin of 16.69%. Equities research analysts predict that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current year.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.