Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Reaches New 1-Year High - Here's What Happened

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) hit a new 52-week high during trading on Saturday . The stock traded as high as $7.62 and last traded at $7.62, with a volume of 114785 shares changing hands. The stock had previously closed at $7.59.Analysts Set New Price TargetsSVNLY has been the topic of a number of recent research reports. Morgan Stanley restated an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a report on Friday, January 9th. Citigroup reissued a "neutral" rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Svenska Handelsbanken Ab Publ currently has an average rating of "Reduce".View Our Latest Report on Svenska Handelsbanken Ab PublSvenska Handelsbanken Ab Publ Price PerformanceThe stock has a market cap of $30.18 billion, a P/E ratio of 12.49 and a beta of 0.57. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.18. The company's fifty day simple moving average is $7.03 and its 200-day simple moving average is $6.62. Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.49 billion. Svenska Handelsbanken Ab Publ had a return on equity of 12.80% and a net margin of 15.97%. As a group, sell-side analysts forecast that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current year. About Svenska Handelsbanken Ab Publ (Get Free Report)Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing. In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.Featured ArticlesFive stocks we like better than Svenska Handelsbanken Ab PublElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietly“Fed Proof” Your Bank Account with THESE 4 Simple StepsNEW LAW: Congress Approves Setup For Digital Dollar?This 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