The Goldman Sachs Group Upgrades Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) to Strong Sell

The Goldman Sachs Group upgraded shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) to a strong sell rating in a research report released on Friday, Zacks.com reports.

Svenska Handelsbanken AB (publ) Stock Performance

SVNLY opened at $5.06 on Friday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $20.04 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 1.45 and a beta of 0.86. The company’s 50 day moving average is $5.00 and its 200 day moving average is $4.87. Svenska Handelsbanken AB has a 12-month low of $4.12 and a 12-month high of $6.01.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Svenska Handelsbanken AB (publ) had a net margin of 14.98% and a return on equity of 13.76%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. On average, equities research analysts predict that Svenska Handelsbanken AB will post 0.61 EPS for the current year.

Svenska Handelsbanken AB (publ) Company Profile

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.