Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Reaches New 1-Year High – Here’s What Happened

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) hit a new 52-week high during trading on Saturday . The stock traded as high as $7.62 and last traded at $7.62, with a volume of 114785 shares changing hands. The stock had previously closed at $7.59.

Analysts Set New Price Targets

SVNLY has been the topic of a number of recent research reports. Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Friday, January 9th. Citigroup reissued a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Svenska Handelsbanken Ab Publ currently has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Price Performance

The stock has a market cap of $30.18 billion, a P/E ratio of 12.49 and a beta of 0.57. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $7.03 and its 200-day simple moving average is $6.62.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Svenska Handelsbanken Ab Publ had a return on equity of 12.80% and a net margin of 15.97%. As a group, sell-side analysts forecast that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current year.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.