Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Receives Average Recommendation of "Reduce" from Brokerages

Shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) have earned an average recommendation of "Reduce" from the six analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

SVNLY has been the subject of several recent research reports. Citigroup reiterated a "neutral" rating on shares of Svenska Handelsbanken AB (publ) in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Svenska Handelsbanken AB (publ) in a report on Tuesday, May 13th. HSBC lowered shares of Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Hsbc Global Res downgraded Svenska Handelsbanken AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Kepler Capital Markets cut Svenska Handelsbanken AB (publ) from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 21st.

Svenska Handelsbanken AB (publ) Trading Down 0.4%

OTCMKTS:SVNLY traded down $0.03 during mid-day trading on Friday, hitting $6.65. 213,154 shares of the company's stock were exchanged, compared to its average volume of 123,960. Svenska Handelsbanken AB has a fifty-two week low of $4.49 and a fifty-two week high of $6.83. The company has a current ratio of 2.17, a quick ratio of 2.08 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $26.33 billion, a P/E ratio of 10.23, a PEG ratio of 1.94 and a beta of 0.78. The company has a 50 day simple moving average of $6.08 and a 200-day simple moving average of $5.74.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates of $0.15. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. Svenska Handelsbanken AB (publ) had a return on equity of 13.62% and a net margin of 14.89%. As a group, research analysts expect that Svenska Handelsbanken AB will post 0.54 earnings per share for the current year.

Svenska Handelsbanken AB (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, March 28th were issued a $0.7123 dividend. This is an increase from Svenska Handelsbanken AB (publ)'s previous dividend of $0.63. The ex-dividend date of this dividend was Friday, March 28th. Svenska Handelsbanken AB (publ)'s dividend payout ratio is currently 92.19%.

Svenska Handelsbanken AB (publ) Company Profile

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.