Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Announces Quarterly Earnings Results

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) issued its quarterly earnings data on Wednesday. The company reported $0.14 EPS for the quarter, Zacks reports. Svenska Handelsbanken Ab Publ had a return on equity of 13.35% and a net margin of 15.40%.

Svenska Handelsbanken Ab Publ Price Performance

SVNLY opened at $6.39 on Wednesday. Svenska Handelsbanken Ab Publ has a 12 month low of $4.55 and a 12 month high of $6.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 2.17. The business has a fifty day moving average price of $6.58 and a 200 day moving average price of $6.10.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SVNLY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, May 13th. Kepler Capital Markets lowered Svenska Handelsbanken Ab Publ from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 21st. Citigroup restated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Wednesday, May 21st. HSBC downgraded Svenska Handelsbanken Ab Publ from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Hsbc Global Res downgraded Svenska Handelsbanken Ab Publ from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

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.