Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Receives Average Rating of “Reduce” from Analysts

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) have been assigned a consensus recommendation of “Reduce” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.

Separately, Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Thursday, February 12th.

Svenska Handelsbanken Ab Publ Trading Up 0.4%

Shares of SVNLY opened at $7.92 on Friday. Svenska Handelsbanken Ab Publ has a 12-month low of $4.93 and a 12-month high of $8.26. The firm has a 50-day moving average price of $7.61 and a 200 day moving average price of $6.93. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 2.10.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its earnings results on Wednesday, February 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Svenska Handelsbanken Ab Publ had a net margin of 16.69% and a return on equity of 14.42%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.53 billion. On average, sell-side analysts expect 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) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.