Deutsche Bank Aktiengesellschaft lowered shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) from a buy rating to a hold rating in a research report sent to investors on Friday morning, The Fly reports.

SVNLY has been the subject of several other reports. Danske upgraded Svenska Handelsbanken AB (publ) from a hold rating to a buy rating and set a SEK 115 price objective for the company in a report on Friday, April 8th. Credit Suisse Group cut their price objective on Svenska Handelsbanken AB (publ) to SEK 86 in a report on Tuesday, July 19th. Finally, Barclays increased their price objective on Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a report on Thursday, May 12th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $105.00.

Svenska Handelsbanken AB (publ) Stock Up 1.6 %

SVNLY opened at $4.45 on Friday. The stock has a fifty day moving average of $4.49 and a 200-day moving average of $4.80. The firm has a market capitalization of $17.31 billion, a P/E ratio of 7.95, a PEG ratio of 0.37 and a beta of 0.84. Svenska Handelsbanken AB has a 12-month low of $3.93 and a 12-month high of $13.95.

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.

Further Reading

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