Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Upgraded to Buy at DNB Markets

DNB Markets upgraded shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) from a hold rating to a buy rating in a research report released on Wednesday morning, The Fly reports.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of Svenska Handelsbanken AB (publ) to an underweight rating and lifted their price target for the stock from SEK 85 to SEK 93 in a research report on Wednesday, July 21st. Morgan Stanley lifted their price target on shares of Svenska Handelsbanken AB (publ) from SEK 112 to SEK 115 and gave the stock an overweight rating in a research report on Monday, July 19th. UBS Group upgraded shares of Svenska Handelsbanken AB (publ) to a neutral rating and lifted their price target for the stock from SEK 96 to SEK 99 in a research report on Monday, July 19th. Pareto Securities assumed coverage on shares of Svenska Handelsbanken AB (publ) in a report on Thursday, June 24th. They set a buy rating for the company. Finally, Barclays upgraded shares of Svenska Handelsbanken AB (publ) to an overweight rating and boosted their price objective for the company from SEK 115 to SEK 118 in a report on Thursday, July 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $105.20.

SVNLY opened at $5.55 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $21.59 billion, a PE ratio of 11.43 and a beta of 0.97. Svenska Handelsbanken AB has a 1-year low of $4.00 and a 1-year high of $5.96. The firm has a 50-day moving average price of $5.59 and a two-hundred day moving average price of $5.64.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last posted its quarterly earnings data on Friday, July 16th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $1.38 billion during the quarter. Svenska Handelsbanken AB (publ) had a net margin of 32.05% and a return on equity of 9.87%.

Svenska Handelsbanken AB (publ) Company Profile

Svenska Handelsbanken AB engages in the provision of financial and banking services. It operates through the following segments: Sweden, United Kingdom, Denmark, Finland, Norway, The Netherlands, Capital Markets, and Others. The Capital Markets segment refers to the investment bank, including securities trading, and investment advisory services.

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

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