Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) had its target price cut by Credit Suisse Group to SEK 86 in a research report sent to investors on Tuesday morning, The Fly reports.

Other equities research analysts have also issued reports about the stock. Barclays boosted their target price on shares of Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a report on Thursday, May 12th. Danske raised shares of Svenska Handelsbanken AB (publ) from a hold rating to a buy rating and set a SEK 115 target price on the stock in a report on Friday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Svenska Handelsbanken AB (publ) from SEK 110 to SEK 108 and set a buy rating on the stock in a research note on Monday. Four analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $104.56.

Svenska Handelsbanken AB (publ) Price Performance

SVNLY opened at $4.29 on Tuesday. Svenska Handelsbanken AB has a fifty-two week low of $3.93 and a fifty-two week high of $13.95. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.34 and a beta of 0.84. The company's 50 day moving average price is $4.57 and its two-hundred day moving average price is $4.86.

Svenska Handelsbanken AB (publ) Company Profile

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, China, Germany, France, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services.

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