Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sets New 12-Month High - Here's What Happened

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $6.87 and last traded at $6.8550, with a volume of 82213 shares. The stock had previously closed at $6.76.Analysts Set New Price TargetsA number of analysts have commented on the company. Morgan Stanley restated an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 2nd. Citigroup reaffirmed a "neutral" rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Svenska Handelsbanken Ab Publ has an average rating of "Reduce".Check Out Our Latest Stock Report on Svenska Handelsbanken Ab PublSvenska Handelsbanken Ab Publ Trading Up 1.4%The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market cap of $27.15 billion, a P/E ratio of 11.24 and a beta of 0.70. The company has a 50-day simple moving average of $6.53 and a 200-day simple moving average of $6.47. Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.49 billion. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 12.80%. On average, sell-side analysts forecast that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current fiscal year. Svenska Handelsbanken Ab Publ Company Profile (Get Free Report)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, Finland, 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, as well as foreign exchange rate services.See AlsoFive stocks we like better than Svenska Handelsbanken Ab PublWhat is the Nikkei 225 index? Tesla Just Got Called a “Must Own” Stock—Here’s WhyWhat is a Low P/E Ratio and What Does it Tell Investors?Why Gold Loves Trump as Much as Trump Loves GoldInsider Buying Explained: What Investors Need to KnowGoogle's Gemini 3 Sends Broadcom Soaring: TPUs Take Center StageThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Svenska Handelsbanken Ab Publ Right Now?Before you consider Svenska Handelsbanken Ab Publ, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Svenska Handelsbanken Ab Publ wasn't on the list.While Svenska Handelsbanken Ab Publ currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here