Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) had its price target trimmed by Deutsche Bank Aktiengesellschaft from SEK 110 to SEK 108 in a research report released on Monday, The Fly reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently commented on the company. Credit Suisse Group downgraded Svenska Handelsbanken AB (publ) from a neutral rating to an underperform rating in a research report on Friday, May 27th. Barclays upped their price objective on Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a research report on Thursday, May 12th. Finally, Danske raised Svenska Handelsbanken AB (publ) from a hold rating to a buy rating and set a SEK 115 price target on the stock in a research report on Friday, April 8th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $106.88.

Svenska Handelsbanken AB (publ) Stock Up 3.0 %

Shares of Svenska Handelsbanken AB (publ) stock opened at $4.09 on Monday. The stock's fifty day moving average is $4.58 and its two-hundred day moving average is $4.86. The company has a market capitalization of $15.91 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 0.34 and a beta of 0.84. Svenska Handelsbanken AB has a 52 week low of $3.93 and a 52 week 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.

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