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

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) have received an average rating of “Reduce” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

Separately, Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Thursday, February 12th.

Svenska Handelsbanken Ab Publ Trading Up 2.1%

SVNLY stock opened at $7.95 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a 50 day simple moving average of $7.56 and a 200-day simple moving average of $6.90. Svenska Handelsbanken Ab Publ has a twelve month low of $4.93 and a twelve month high of $8.26.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. Svenska Handelsbanken Ab Publ had a net margin of 16.69% and a return on equity of 14.42%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.53 billion. As a group, sell-side analysts expect that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current year.

Svenska Handelsbanken Ab Publ Company Profile

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.