Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Receives Consensus Rating of "Reduce" from Analysts

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) have received a consensus rating of "Reduce" from the six research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company.

A number of equities research analysts have recently commented on SVNLY shares. HSBC cut shares of Svenska Handelsbanken Ab Publ from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Citigroup reaffirmed a "neutral" rating on shares of Svenska Handelsbanken Ab Publ in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, May 13th. Hsbc Global Res cut shares of Svenska Handelsbanken Ab Publ from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Kepler Capital Markets cut shares of 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 Price Performance

Shares of Svenska Handelsbanken Ab Publ stock traded down $0.01 during midday trading on Tuesday, hitting $6.50. The company had a trading volume of 111,149 shares, compared to its average volume of 122,532. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.17 and a current ratio of 2.17. The company has a fifty day simple moving average of $6.39 and a 200 day simple moving average of $5.92. Svenska Handelsbanken Ab Publ has a 12-month low of $4.55 and a 12-month high of $6.83.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. Svenska Handelsbanken Ab Publ had a net margin of 15.40% and a return on equity of 13.35%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.47 billion. As a group, analysts predict that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current fiscal year.

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.