Barclays cut shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) from an overweight rating to an equal weight rating in a report issued on Tuesday, Briefing.com reports.

Separately, JPMorgan Chase & Co. increased their target price on shares of Svenska Handelsbanken AB (publ) from SEK 105 to SEK 110 and gave the company an underweight rating in a research report on Wednesday, December 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Svenska Handelsbanken AB (publ) presently has a consensus rating of Hold and a consensus target price of $103.20.

Svenska Handelsbanken AB (publ) Stock Performance

SVNLY opened at $4.60 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.23. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.57 and a beta of 0.81. Svenska Handelsbanken AB has a 52-week low of $3.90 and a 52-week high of $5.45. The firm's fifty day simple moving average is $5.07 and its two-hundred day simple moving average is $4.77.

Svenska Handelsbanken AB (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 24th will be given a dividend of $0.2699 per share. This represents a dividend yield of 5.95%. The ex-dividend date is Thursday, March 23rd. This is an increase from Svenska Handelsbanken AB (publ)'s previous dividend of $0.19. Svenska Handelsbanken AB (publ)'s payout ratio is currently 34.55%.

Svenska Handelsbanken AB (publ) Company Profile

(Get Rating)

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.

Further Reading

• Get a free copy of the StockNews.com research report on Svenska Handelsbanken AB (publ) (SVNLY)
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