Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Given Consensus Rating of “Reduce” by Analysts

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) has received a consensus recommendation of “Reduce” from the seven analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company.

Several research analysts have recently issued reports on SVNLY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 2nd. Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th.

Svenska Handelsbanken Ab Publ Stock Performance

Shares of SVNLY opened at $6.90 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.18. Svenska Handelsbanken Ab Publ has a 52-week low of $4.93 and a 52-week high of $7.18. The company has a 50-day simple moving average of $6.66 and a 200-day simple moving average of $6.51.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 12.80%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. On average, analysts predict that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current 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.