Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) had its price target reduced by equities research analysts at Deutsche Bank Aktiengesellschaft from SEK 110 to SEK 108 in a research note issued to investors on Monday, The Fly reports. The brokerage presently has a "buy" rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Danske upgraded shares of Svenska Handelsbanken AB (publ) from a "hold" rating to a "buy" rating and set a SEK 115 price objective for the company in a research note on Friday, April 8th. Barclays increased their price objective on shares of Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a research note on Thursday, May 12th. Finally, Credit Suisse Group lowered shares of Svenska Handelsbanken AB (publ) from a "neutral" rating to an "underperform" rating in a report on Friday, May 27th. Four 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's stock. According to MarketBeat, Svenska Handelsbanken AB (publ) presently has an average rating of "Hold" and a consensus target price of $104.56.

Svenska Handelsbanken AB (publ) Price Performance

OTCMKTS:SVNLY opened at $4.29 on Monday. Svenska Handelsbanken AB has a one year low of $3.93 and a one year high of $13.95. The stock has a market cap of $16.69 billion, a P/E ratio of 7.66, a PEG ratio of 0.34 and a beta of 0.84. The company has a fifty day moving average price of $4.57 and a 200 day moving average price of $4.86.

About Svenska Handelsbanken AB (publ)

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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