Shinhan Financial Group Co., Ltd. (SHG) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a one year consensus target price of $52.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group an industry rank of 231 out of 255 based on the ratings given to related companies.
A number of brokerages recently weighed in on SHG. Zacks Investment Research lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. ValuEngine raised shares of Shinhan Financial Group from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, Bank of America raised shares of Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research note on Thursday, August 30th.
Shares of NYSE SHG opened at $39.26 on Friday. The firm has a market capitalization of $18.62 billion, a P/E ratio of 3.43, a P/E/G ratio of 1.59 and a beta of 1.10. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.07 and a quick ratio of 1.07. Shinhan Financial Group has a 1-year low of $36.35 and a 1-year high of $50.37.
Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Tuesday, August 14th. The bank reported $3.66 earnings per share for the quarter. The firm had revenue of $2.33 billion during the quarter. Shinhan Financial Group had a net margin of 17.31% and a return on equity of 8.45%. sell-side analysts expect that Shinhan Financial Group will post 5.68 earnings per share for the current year.
Shinhan Financial Group Company Profile
Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Cards, Securities, Life Insurance, and Others. It offers retail banking services, including mortgage and home equity, and retail lending; demand, savings, and fixed deposit-taking; checking accounts; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.
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