Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.46 and traded as high as $6.56. Svenska Handelsbanken Ab Publ shares last traded at $6.56, with a volume of 107,751 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SVNLY shares. Danske cut shares of Svenska Handelsbanken Ab Publ to a “hold” rating in a research report on Friday, July 11th. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, September 2nd. Finally, Citigroup restated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Stock Performance

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $6.46 and a two-hundred day moving average price of $6.44.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $0.16 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 during the quarter, compared to analyst estimates of $1.49 billion. Equities research analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current fiscal 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.