Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) have been assigned a consensus rating of “Reduce” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Thursday, February 12th.

Svenska Handelsbanken Ab Publ Stock Down 3.1%

Shares of SVNLY stock opened at $7.16 on Thursday. Svenska Handelsbanken Ab Publ has a twelve month low of $4.93 and a twelve month high of $8.26. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $7.74 and its two-hundred day moving average is $7.07.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. Svenska Handelsbanken Ab Publ had a return on equity of 14.18% and a net margin of 16.69%.The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.53 billion. Sell-side analysts expect that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current 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.