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

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) have earned a consensus rating of “Reduce” from the seven brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company.

A number of equities research analysts have weighed in on SVNLY shares. Citigroup reaffirmed a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Friday.

Svenska Handelsbanken Ab Publ Stock Up 1.0%

Shares of OTCMKTS SVNLY opened at $7.32 on Friday. The business has a fifty day simple moving average of $6.93 and a 200 day simple moving average of $6.59. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.10 and a current ratio of 2.10. Svenska Handelsbanken Ab Publ has a one year low of $4.93 and a one year high of $7.59.

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