Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Stock Crosses Below 50-Day Moving Average of $4.23

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLYGet Rating) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.23 and traded as low as $4.05. Svenska Handelsbanken AB (publ) shares last traded at $4.08, with a volume of 314,920 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Svenska Handelsbanken AB (publ) from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Barclays upped their price target on Svenska Handelsbanken AB (publ) from SEK 101 to SEK 104 in a research note on Friday, September 2nd. Finally, Credit Suisse Group reduced their price target on Svenska Handelsbanken AB (publ) to SEK 86 in a research note on Tuesday, July 19th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $103.63.

Svenska Handelsbanken AB (publ) Stock Performance

The stock has a market capitalization of $15.87 billion, a PE ratio of 7.29, a PEG ratio of 2.31 and a beta of 0.85. The business has a 50 day moving average price of $4.23 and a 200 day moving average price of $4.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.89 and a quick ratio of 1.89.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLYGet Rating) last released its earnings results on Friday, July 15th. The company reported $0.11 EPS for the quarter. Svenska Handelsbanken AB (publ) had a return on equity of 10.90% and a net margin of 36.75%. The firm had revenue of $1.12 billion for the quarter. As a group, equities research analysts expect that Svenska Handelsbanken AB will post 0.44 earnings per share for the current year.

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.

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