Svenska Handelsbanken Ab Publ (SVNLY) Projected to Announce Earnings on Wednesday

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) is anticipated to release its results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.1447 per share and revenue of $1.40 billion for the quarter.

Svenska Handelsbanken Ab Publ Price Performance

Shares of Svenska Handelsbanken Ab Publ stock opened at $7.74 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.02 and a quick ratio of 2.02. Svenska Handelsbanken Ab Publ has a one year low of $6.14 and a one year high of $8.26. The business’s 50 day simple moving average is $7.68 and its two-hundred day simple moving average is $7.37. The stock has a market capitalization of $30.63 billion, a P/E ratio of 10.89 and a beta of 0.62.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays upgraded shares of Svenska Handelsbanken Ab Publ from an “underweight” rating to a “positive” rating in a report on Friday, October 9th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, July 20th. Citigroup reiterated a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a report on Friday, October 9th. Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ), commonly known as Handelsbanken, is a Swedish universal bank providing financial services to individuals, businesses and institutional customers. Its offerings include deposit accounts, lending, mortgages, payment services, cash management, financial advice and other banking solutions.

The bank also provides corporate and investment banking services, including financing, capital markets support, foreign exchange and securities-related services. Through affiliated operations, Handelsbanken offers asset management, pension and insurance-related products to selected customers.

Founded in Stockholm in 1871, Handelsbanken has historically developed a decentralized banking model in which local branches have significant responsibility for customer relationships and credit decisions.