Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report issued on Friday, The Fly reports.

Other research analysts also recently issued research reports about the stock. Credit Suisse Group cut their price target on shares of Svenska Handelsbanken AB (publ) to SEK 86 in a report on Tuesday, July 19th. Barclays raised their price target on shares of Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a report on Thursday, May 12th. Finally, Danske upgraded shares of Svenska Handelsbanken AB (publ) from a "hold" rating to a "buy" rating and set a SEK 115 price target on the stock in a report on Friday, April 8th. Four analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $105.00.

Svenska Handelsbanken AB (publ) Stock Up 1.6 %

Shares of OTCMKTS:SVNLY opened at $4.45 on Friday. The firm has a market capitalization of $17.31 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84. The firm has a fifty day moving average of $4.49 and a two-hundred day moving average of $4.79. 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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