Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Shares Cross Above 50 Day Moving Average of $4.43

Shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.43 and traded as high as $4.47. Svenska Handelsbanken AB (publ) shares last traded at $4.47, with a volume of 352,646 shares trading hands.

Wall Street Analysts Forecast Growth

SVNLY has been the subject of several recent research reports. Danske upgraded Svenska Handelsbanken AB (publ) from a “hold” rating to a “buy” rating and set a SEK 115 price objective for the company in a report on Friday, April 8th. Deutsche Bank Aktiengesellschaft downgraded Svenska Handelsbanken AB (publ) from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Credit Suisse Group decreased their price objective on Svenska Handelsbanken AB (publ) to SEK 86 in a report on Tuesday, July 19th. Finally, Barclays lifted their price objective on Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a report on Thursday, May 12th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.00.

Svenska Handelsbanken AB (publ) Price Performance

The firm has a market capitalization of $17.39 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.40 and a beta of 0.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.89 and a quick ratio of 1.89. The stock’s fifty day simple moving average is $4.43 and its 200 day simple moving average is $4.75.

About Svenska Handelsbanken AB (publ)

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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, China, Germany, France, 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.