Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) had its target price dropped by research analysts at Credit Suisse Group to SEK 86 in a research note issued on Tuesday, The Fly reports.

Several other research firms also recently commented on SVNLY. Deutsche Bank Aktiengesellschaft decreased their price objective on Svenska Handelsbanken AB (publ) from SEK 110 to SEK 108 and set a "buy" rating on the stock in a report on Monday. Barclays boosted their price objective on Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a research 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 target price on the stock in a report on Friday, April 8th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $104.56.

Svenska Handelsbanken AB (publ) Stock Down 1.4 %

Shares of OTCMKTS:SVNLY opened at $4.23 on Tuesday. The stock has a market cap of $16.45 billion, a PE ratio of 7.55, a PEG ratio of 0.35 and a beta of 0.84. The company's fifty day moving average is $4.57 and its 200 day moving average is $4.85. Svenska Handelsbanken AB has a 52 week low of $3.93 and a 52 week high of $13.95.

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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