Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sees Large Volume Increase - Time to Buy?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) shares saw strong trading volume on Monday. 814,030 shares traded hands during trading, an increase of 321% from the previous session's volume of 193,352 shares. The stock last traded at $7.59 and had previously closed at $7.60.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SVNLY. Citigroup lowered shares of Svenska Handelsbanken Ab Publ from a "hold" rating to a "sell" rating in a report on Thursday, July 16th. Barclays restated an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Svenska Handelsbanken Ab Publ in a research report on Wednesday, September 16th. Morgan Stanley reiterated an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 1st. Finally, The Goldman Sachs Group reiterated a "sell" rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, July 20th. One research analyst has rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Svenska Handelsbanken Ab Publ presently has a consensus rating of "Strong Sell".

Svenska Handelsbanken Ab Publ Price Performance

The stock has a market cap of $30.14 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 0.45 and a beta of 0.62. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.19. The business's 50-day simple moving average is $7.69 and its two-hundred day simple moving average is $7.32.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The company reported $0.14 EPS for the quarter, meeting analysts' consensus estimates of $0.14. Svenska Handelsbanken Ab Publ had a net margin of 17.75% and a return on equity of 14.30%. The company had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.45 billion. Sell-side analysts expect that Svenska Handelsbanken Ab Publ will post 0.59 EPS for the current year.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB publ is a Swedish universal bank founded in Stockholm in 1871. The company provides banking and financial services to individuals, businesses and institutional customers, with an emphasis on relationship-based banking and local decision-making.

Its products and services include current and savings accounts, mortgages, consumer lending, corporate loans, payment services, cash management, trade finance, investment services, pensions and wealth management. Through its asset-management operations, the group also offers investment products and related advisory services.

Handelsbanken serves customers primarily in Sweden, Norway, the United Kingdom and the Netherlands through branch and digital banking channels.

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