Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Given Consensus Recommendation of “Reduce” by Brokerages

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) has received a consensus recommendation of “Reduce” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company.

Several analysts have recently issued reports on SVNLY shares. Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 2nd. Citigroup reissued a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th. Finally, Danske cut shares of Svenska Handelsbanken Ab Publ to a “hold” rating in a report on Friday, July 11th.

Svenska Handelsbanken Ab Publ Stock Up 0.2%

Shares of SVNLY opened at $6.48 on Monday. Svenska Handelsbanken Ab Publ has a 1 year low of $4.90 and a 1 year high of $6.83. The stock’s fifty day moving average price is $6.44 and its two-hundred day moving average price is $6.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.06 and a current ratio of 2.06.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Svenska Handelsbanken Ab Publ had a return on equity of 13.07% and a net margin of 15.97%.The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. As a group, equities research analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current year.

Svenska Handelsbanken Ab Publ Company Profile

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, Finland, 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, as well as foreign exchange rate services.