Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,000 shares, a decline of 50.0% from the August 15th total of 4,000 shares. Based on an average daily trading volume, of 636,600 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Barclays lifted their target price on shares of Svenska Handelsbanken AB (publ) from SEK 101 to SEK 104 in a report on Friday, September 2nd. Deutsche Bank Aktiengesellschaft cut shares of Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a report on Friday, July 29th. Finally, Credit Suisse Group decreased their price objective on shares of Svenska Handelsbanken AB (publ) to SEK 86 in a report on Tuesday, July 19th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $103.63.

Svenska Handelsbanken AB (publ) Price Performance

Shares of SVNLY stock traded up $0.03 during mid-day trading on Thursday, hitting $4.20. The company had a trading volume of 145,734 shares, compared to its average volume of 382,316. Svenska Handelsbanken AB has a 52-week low of $3.91 and a 52-week high of $13.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.89 and a quick ratio of 1.89. The stock's 50 day moving average price is $4.23 and its 200-day moving average price is $4.54. The company has a market capitalization of $16.63 billion, a P/E ratio of 7.50, a P/E/G ratio of 2.37 and a beta of 0.85.

About Svenska Handelsbanken AB (publ)

(Get Rating)

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.

Read More

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