(SHB-B) Svenska Handelsbanken - Ratings and Ratios

Svenska Handelsbanken AB (publ) is a diversified banking institution operating primarily in Sweden, the UK, Norway, the Netherlands, and internationally, offering a comprehensive range of banking products and services to both private and corporate customers. The banks extensive service portfolio includes savings and transaction accounts, mortgage and personal loans, mutual funds, pension products, credit and debit cards, and foreign exchange services. Additionally, Handelsbanken provides financing solutions for investments in equipment, vehicles, and real estate, as well as specialized banking services for forestry and agriculture, and online and mobile banking services.

The banks corporate banking division delivers a broad spectrum of financial services, including asset management, transactional banking, corporate finance, and trade finance, catering to the needs of large corporations and small to medium-sized enterprises. Handelsbanken also offers private banking services, providing tailored financial solutions to high-net-worth individuals. With a history dating back to 1871, the bank has established itself as a reputable and reliable financial institution, headquartered in Stockholm, Sweden.

Analyzing the provided technical data, we observe that the stocks last price is 200.60 SEK, with a 20-day Simple Moving Average (SMA) of 196.77 SEK, indicating a positive short-term trend. The 50-day SMA and 200-day SMA stand at 177.44 SEK and 148.42 SEK, respectively, suggesting a strong uptrend over the medium to long term. The Average True Range (ATR) is 4.46, equivalent to 2.22% of the last price, indicating moderate volatility. The stock is currently near its 52-week high of 204.00 SEK, having more than doubled from its 52-week low of 110.05 SEK.

From a fundamental perspective, Handelsbankens market capitalization stands at 256,725.93 million SEK, with a Price-to-Earnings (P/E) ratio of 14.71 and a forward P/E of 15.85. The banks Return on Equity (RoE) is 13.76%, indicating a relatively strong profitability. Combining the technical and fundamental analysis, we forecast that SHB-B is likely to continue its upward trend, driven by its solid financial performance and favorable market conditions. Our analysis suggests a potential target price of 220.00 SEK in the short to medium term, representing a 9.7% increase from the current price.