Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Stock Price Up 0.4% – Here’s Why

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF)’s stock price traded up 0.4% during mid-day trading on Friday . The stock traded as high as $13.45 and last traded at $13.45. 299 shares changed hands during trading, a decline of 59% from the average session volume of 727 shares. The stock had previously closed at $13.39.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SVKEF shares. The Goldman Sachs Group upgraded Skandinaviska Enskilda Banken AB (publ) to a “hold” rating in a research note on Friday, September 27th. BNP Paribas upgraded Skandinaviska Enskilda Banken AB (publ) to a “hold” rating in a report on Tuesday, October 1st.

Skandinaviska Enskilda Banken AB (publ) Price Performance

The company has a market cap of $29.05 billion, a PE ratio of 8.01 and a beta of 0.77. The stock’s 50 day moving average price is $13.98 and its 200-day moving average price is $14.72. The company has a debt-to-equity ratio of 4.29, a quick ratio of 1.44 and a current ratio of 1.44.

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. Skandinaviska Enskilda Banken AB (publ) had a return on equity of 16.84% and a net margin of 19.50%. The business had revenue of $2.01 billion for the quarter. On average, analysts predict that Skandinaviska Enskilda Banken AB will post 1.65 earnings per share for the current year.

Skandinaviska Enskilda Banken AB (publ) Company Profile

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions.