Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.82 and traded as low as $4.20. Svenska Handelsbanken AB (publ) shares last traded at $4.28, with a volume of 239,371 shares traded.
Wall Street Analyst Weigh In
Separately, Barclays lowered Svenska Handelsbanken AB (publ) from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $103.20.
Get Svenska Handelsbanken AB (publ) alerts:Svenska Handelsbanken AB (publ) Trading Up 1.9 %
The company has a market cap of $16.95 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.52 and a beta of 0.78. The business has a 50 day simple moving average of $4.82 and a two-hundred day simple moving average of $4.77. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.23.
Svenska Handelsbanken AB (publ) Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, April 13th. Investors of record on Friday, March 24th will be given a $0.2699 dividend. This is a positive change from Svenska Handelsbanken AB (publ)'s previous dividend of $0.19. This represents a dividend yield of 5.95%. The ex-dividend date is Thursday, March 23rd. Svenska Handelsbanken AB (publ)'s dividend payout ratio (DPR) is 50.91%.
About Svenska Handelsbanken AB (publ)
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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.
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