Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Stock Rating Lowered by Kepler Capital Markets

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) was downgraded by equities researchers at Kepler Capital Markets from a "hold" rating to a "strong sell" rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts also recently commented on the stock. Hsbc Global Res downgraded shares of Svenska Handelsbanken AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Svenska Handelsbanken AB (publ) in a research note on Tuesday, May 13th. Finally, HSBC cut shares of Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold".

Svenska Handelsbanken AB (publ) Stock Performance

Shares of SVNLY stock opened at $6.71 on Wednesday. Svenska Handelsbanken AB has a fifty-two week low of $4.48 and a fifty-two week high of $6.83. The stock's 50-day moving average is $6.07 and its two-hundred day moving average is $5.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 2.08. The firm has a market cap of $26.57 billion, a P/E ratio of 10.32, a PEG ratio of 1.94 and a beta of 0.78.

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

About Svenska Handelsbanken AB (publ)

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.

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