Skandinaviska (OTCMKTS:SVKEF) Shares Gap Up – Here’s What Happened

Shares of Skandinaviska (OTCMKTS:SVKEF) gapped up before the market opened on Wednesday . The stock had previously closed at $18.72, but opened at $20.50. Skandinaviska shares last traded at $20.50, with a volume of 1,394 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on SVKEF. Jefferies Financial Group restated a “hold” rating on shares of Skandinaviska in a report on Wednesday, April 8th. Barclays cut shares of Skandinaviska from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Skandinaviska in a report on Monday, April 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a research report on Friday, May 1st. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Skandinaviska Trading Up 9.5%

The stock has a 50-day simple moving average of $19.52 and a two-hundred day simple moving average of $20.23. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $41.76 billion, a PE ratio of 11.71 and a beta of 0.56.

Skandinaviska 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. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.