Skandinaviska (SVKEF) – What Are Brokerages Saying About This Stock?

Skandinaviska (OTCMKTS:SVKEF) has earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating.

Several analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “neutral” rating on shares of Skandinaviska in a research note on Monday, July 20th. Keefe, Bruyette & Woods raised shares of Skandinaviska from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. Finally, Citigroup restated a “neutral” rating on shares of Skandinaviska in a research report on Friday, October 9th.

Skandinaviska Price Performance

SVKEF opened at $23.25 on Friday. Skandinaviska has a fifty-two week low of $17.70 and a fifty-two week high of $23.67. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $47.36 billion, a P/E ratio of 12.57 and a beta of 0.62. The stock has a fifty day moving average of $23.04 and a 200-day moving average of $21.10.

Skandinaviska (OTCMKTS:SVKEF) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. Skandinaviska had a net margin of 21.30% and a return on equity of 15.60%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.94 billion.

About Skandinaviska

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group serving corporate, institutional and private customers. The company provides banking and investment services, including lending, deposits, payments, cash management, trade finance, corporate finance, securities services, asset management and private banking.

SEB has a strong historical focus on supporting businesses and entrepreneurs. Its origins trace to Stockholms Enskilda Bank, founded in 1856, and Skandinaviska Banken; the two institutions merged in 1972 to form Skandinaviska Enskilda Banken.