Skandinaviska (OTCMKTS:SVKEF) Hits New 12-Month High – Here’s What Happened

Skandinaviska (OTCMKTS:SVKEF)’s share price reached a new 52-week high on Monday . The stock traded as high as $22.32 and last traded at $22.32, with a volume of 100 shares trading hands. The stock had previously closed at $21.1075.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup reissued a “neutral” rating on shares of Skandinaviska in a research note on Tuesday, October 14th. Barclays reiterated an “overweight” rating on shares of Skandinaviska in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Skandinaviska Stock Up 5.7%

The business’s 50 day moving average is $19.61 and its 200 day moving average is $18.77. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 4.38. The company has a market cap of $45.47 billion, a P/E ratio of 14.68 and a beta of 0.46.

About Skandinaviska

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.