Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Hits New 1-Year High – Still a Buy?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.30 and last traded at $7.30, with a volume of 120133 shares changing hands. The stock had previously closed at $7.22.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SVNLY shares. Morgan Stanley restated 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 note on Tuesday, October 14th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Trading Up 1.1%

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 firm has a market cap of $28.91 billion, a PE ratio of 11.97 and a beta of 0.56. The company’s fifty day moving average price is $6.74 and its two-hundred day moving average price is $6.52.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its earnings results on Wednesday, October 22nd. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 12.80%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. As a group, sell-side analysts forecast 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.