Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sets New 12-Month High – Time to Buy?

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) reached a new 52-week high on Thursday . The company traded as high as $6.87 and last traded at $6.8550, with a volume of 82213 shares. The stock had previously closed at $6.76.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SVNLY. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 2nd. Citigroup restated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, October 14th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Svenska Handelsbanken Ab Publ currently has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Stock Up 0.6%

The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.18. The company’s 50 day simple moving average is $6.55 and its 200 day simple moving average is $6.48.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last posted its earnings results on Wednesday, October 22nd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Svenska Handelsbanken Ab Publ had a return on equity of 12.80% and a net margin of 15.97%. On average, research analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current year.

About Svenska Handelsbanken Ab Publ

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.