Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) have earned a consensus rating of “Reduce” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating 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 Down 2.2%

SVNLY stock opened at $7.41 on Thursday. The firm has a fifty day moving average price of $7.74 and a 200 day moving average price of $7.06. Svenska Handelsbanken Ab Publ has a fifty-two week low of $4.93 and a fifty-two week high of $8.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 2.14.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Svenska Handelsbanken Ab Publ had a net margin of 16.69% and a return on equity of 14.18%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.53 billion. Sell-side analysts forecast that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current fiscal 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.