Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Raised to “Buy” at DNB Markets

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was upgraded by research analysts at DNB Markets from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other equities analysts have also commented on SVNLY. UBS Group upgraded Svenska Handelsbanken AB (publ) to a “neutral” rating and upped their target price for the company from SEK 96 to SEK 99 in a research note on Monday, July 19th. Berenberg Bank upgraded Svenska Handelsbanken AB (publ) to a “hold” rating and increased their target price for the company from SEK 87 to SEK 101 in a research note on Wednesday, July 21st. Morgan Stanley increased their price target on Svenska Handelsbanken AB (publ) from SEK 112 to SEK 115 and gave the company an “overweight” rating in a report on Monday, July 19th. Societe Generale downgraded Svenska Handelsbanken AB (publ) from a “buy” rating to a “hold” rating in a report on Wednesday, July 28th. Finally, Barclays raised Svenska Handelsbanken AB (publ) to an “overweight” rating and increased their price target for the company from SEK 115 to SEK 118 in a report on Thursday, July 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $105.20.

Shares of SVNLY opened at $5.39 on Wednesday. The stock has a 50-day simple moving average of $5.60 and a 200-day simple moving average of $5.64. The stock has a market capitalization of $20.95 billion, a PE ratio of 10.99 and a beta of 0.97. Svenska Handelsbanken AB has a 1 year low of $4.00 and a 1 year high of $5.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.98 and a current ratio of 1.98.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last released its earnings results on Friday, July 16th. The company reported $0.14 earnings per share (EPS) for the quarter. Svenska Handelsbanken AB (publ) had a return on equity of 9.87% and a net margin of 32.05%. The business had revenue of $1.38 billion for the quarter.

Svenska Handelsbanken AB (publ) Company Profile

Svenska Handelsbanken AB engages in the provision of financial and banking services. It operates through the following segments: Sweden, United Kingdom, Denmark, Finland, Norway, The Netherlands, Capital Markets, and Others. The Capital Markets segment refers to the investment bank, including securities trading, and investment advisory services.

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Analyst Recommendations for Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY)

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