SKANDINAVISKA (OTCMKTS:SVKEF) Sets New 1-Year High - Here's What Happened

SKANDINAVISKA (OTCMKTS:SVKEF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $18.66 and last traded at $18.66, with a volume of 300 shares traded. The stock had previously closed at $18.65.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SVKEF. Citigroup reissued a "neutral" rating on shares of SKANDINAVISKA in a research report on Wednesday, May 21st. Barclays upgraded shares of SKANDINAVISKA from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd.

SKANDINAVISKA Stock Performance

The company has a 50 day moving average of $17.29 and a 200 day moving average of $15.75. The stock has a market capitalization of $35.65 billion, a price-to-earnings ratio of 11.22 and a beta of 0.46.

SKANDINAVISKA (OTCMKTS:SVKEF - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.02). SKANDINAVISKA had a return on equity of 15.14% and a net margin of 19.05%. The firm had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $18.93 billion.

SKANDINAVISKA Company Profile

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions.