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

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) have been given an average rating of “Reduce” by the seven research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.

SVNLY has been the subject of a number of analyst 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.

Svenska Handelsbanken Ab Publ Stock Up 3.2%

Svenska Handelsbanken Ab Publ stock opened at $8.12 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.10 and a current ratio of 2.10. The business has a 50-day moving average of $7.18 and a 200-day moving average of $6.68. Svenska Handelsbanken Ab Publ has a 1 year low of $4.93 and a 1 year high of $8.12.

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.