Skandinaviska (OTCMKTS:SVKEF) Hits New 1-Year High – Should You Buy?

Skandinaviska (OTCMKTS:SVKEF)’s stock price reached a new 52-week high on Monday . The stock traded as high as $22.32 and last traded at $22.32, with a volume of 100 shares changing hands. The stock had previously closed at $21.1075.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays reaffirmed an “overweight” rating on shares of Skandinaviska in a research note on Wednesday, December 10th. Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Skandinaviska Stock Performance

The firm has a market capitalization of $45.47 billion, a P/E ratio of 14.68 and a beta of 0.46. The company has a debt-to-equity ratio of 4.38, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a 50-day moving average price of $19.61 and a two-hundred day moving average price of $18.77.

Skandinaviska Company Profile

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.