Brokerages Set Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Target Price at $103.00

Shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLYGet Rating) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $103.00.

SVNLY has been the topic of several research analyst reports. Barclays lifted their price target on Svenska Handelsbanken AB (publ) from SEK 101 to SEK 104 in a research report on Friday, September 2nd. Deutsche Bank Aktiengesellschaft lowered Svenska Handelsbanken AB (publ) from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Credit Suisse Group cut their price target on Svenska Handelsbanken AB (publ) to SEK 86 in a research report on Tuesday, July 19th.

Svenska Handelsbanken AB (publ) Price Performance

Shares of OTCMKTS SVNLY opened at $4.28 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.89 and a current ratio of 1.89. Svenska Handelsbanken AB has a fifty-two week low of $3.91 and a fifty-two week high of $13.95. The firm has a market capitalization of $16.95 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 2.43 and a beta of 0.85. The stock’s 50-day simple moving average is $4.23 and its 200-day simple moving average is $4.54.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLYGet Rating) last issued its earnings results on Friday, July 15th. The company reported $0.11 earnings per share for the quarter. Svenska Handelsbanken AB (publ) had a return on equity of 10.90% and a net margin of 36.75%. The business had revenue of $1.12 billion for the quarter. As a group, equities research analysts forecast that Svenska Handelsbanken AB will post 0.45 EPS for the current fiscal 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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Analyst Recommendations for Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY)

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