Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Announces Earnings Results

by · The Markets Daily

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01, Zacks reports. Svenska Handelsbanken Ab Publ had a net margin of 17.75% and a return on equity of 14.30%.

Svenska Handelsbanken Ab Publ Trading Up 1.2%

Shares of SVNLY stock opened at $7.74 on Wednesday. Svenska Handelsbanken Ab Publ has a 1 year low of $6.14 and a 1 year high of $8.26. The firm’s fifty day simple moving average is $7.68 and its 200 day simple moving average is $7.37. The firm has a market capitalization of $30.63 billion, a P/E ratio of 10.89 and a beta of 0.62. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.19.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, July 20th. Barclays raised Svenska Handelsbanken Ab Publ from an “underweight” rating to a “positive” rating in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Wednesday, September 16th. Citigroup restated a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Friday, October 9th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

View Our Latest Research Report on SVNLY

Svenska Handelsbanken Ab Publ Company Profile

(Get Free Report)

Svenska Handelsbanken AB (publ), commonly known as Handelsbanken, is a Swedish universal bank providing financial services to individuals, businesses and institutional customers. Its offerings include deposit accounts, lending, mortgages, payment services, cash management, financial advice and other banking solutions.

The bank also provides corporate and investment banking services, including financing, capital markets support, foreign exchange and securities-related services. Through affiliated operations, Handelsbanken offers asset management, pension and insurance-related products to selected customers.

Founded in Stockholm in 1871, Handelsbanken has historically developed a decentralized banking model in which local branches have significant responsibility for customer relationships and credit decisions.

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