Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Hits New 1-Year High – Still a Buy?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY)’s share price hit a new 52-week high during mid-day trading on Monday. The company traded as high as $8.26 and last traded at $8.25, with a volume of 4,206 shares changing hands. The stock had previously closed at $8.1650.

Analyst Upgrades and Downgrades

Several research analysts have commented on SVNLY shares. Barclays upgraded shares of Svenska Handelsbanken Ab Publ from an “underweight” rating to a “positive” rating in a report on Friday, October 9th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, July 20th. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 1st. Citigroup reiterated a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Trading Up 3.4%

The stock’s fifty day simple moving average is $7.72 and its two-hundred day simple moving average is $7.46. The firm has a market cap of $32.67 billion, a PE ratio of 11.79 and a beta of 0.61. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.19.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its earnings results on Wednesday, October 21st. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Svenska Handelsbanken Ab Publ had a net margin of 17.64% and a return on equity of 14.23%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.40 billion. On average, sell-side analysts forecast that Svenska Handelsbanken Ab Publ will post 0.58 EPS for the current fiscal year.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB, commonly known as Handelsbanken, is a Swedish universal bank founded in Stockholm in 1871. It provides banking and financial services to individuals, businesses and institutions.

Its services include deposit accounts, payments, mortgages and other lending, savings and investment products, and wealth management. The bank also serves corporate clients with financing and cash-management services.

Handelsbanken is based in Sweden and has banking operations in the United Kingdom, Norway and the Netherlands.