Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Price target raised to SEK 104 by Barclays analysts

Svenska Handelsbanken AB (publ) (OTCMKTS: SVNLY – Get a rating) saw its price target boosted by analysts to Barclays from SEK 101 to SEK 104 in a research report delivered to clients and investors on Friday, Fly reports.

SVNLY has been the subject of a number of other reports. Credit Suisse Group reduced its price target on shares of Svenska Handelsbanken AB (publ) to SEK 86 in a Tuesday, July 19 report. Deutsche Bank Aktiengesellschaft downgraded shares of Svenska Handelsbanken AB (publ) from a “buy” rating to a “hold” rating in a Friday, July 29 research report. Four analysts gave the stock a sell rating, two issued a hold rating and five issued a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $103.63.

Price performance of Svenska Handelsbanken AB (publ)

OTCMKTS: SVNLY was down $0.05 on Friday, hitting $3.98. The company had a trading volume of 631,485 shares, compared to an average volume of 341,878. The company has a 50-day moving average of $4.27 and a two-hundred-day moving average of $4.60. The stock has a market capitalization of $15.48 billion, a price-earnings ratio of 7.11, a PEG ratio of 0.26 and a beta of 0.83. Svenska Handelsbanken AB has a 52-week minimum of $3.92 and a 52-week maximum of $13.95. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt ratio of 0.21.

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Svenska Handelsbanken AB (publ) (OTCMKTS: SVNLY – Get a rating) last announced its results on Friday, July 15. The company reported earnings per share of $0.11 for the quarter. Svenska Handelsbanken AB (publ) achieved a net margin of 36.75% and a return on equity of 10.90%. The company had revenue of $1.12 billion in the quarter. On average, research analysts expect Svenska Handelsbanken AB to post 0.46 earnings per share for the current year.

About Svenska Handelsbanken AB (publ)

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Svenska Handelsbanken AB (publ) offers a variety of personal and corporate banking products and services, primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, China, Germany, France and Poland. The company offers savings, transaction, business, currency and investment accounts, as well as cash, forestry and agriculture accounts; mortgage and pledge loans, and private loans; mutual fund; retirement products; credit and debit cards; and payment and reconciliation services.

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Analyst Recommendations for Svenska Handelsbanken AB (publ) (OTCMKTS: SVNLY)

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