Shinhan Financial Group Co. (NYSE:SHG)’s share price gapped up before the market opened on Friday . The stock had previously closed at $34.21, but opened at $34.34. Shinhan Financial Group shares last traded at $34.63, with a volume of 17,349 shares changing hands.

Separately, Zacks Investment Research raised Shinhan Financial Group from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Saturday, April 16th.

The stock has a 50 day moving average of $33.07 and a 200-day moving average of $33.49. The company has a market cap of $16.47 billion and a PE ratio of 7.62.

Shinhan Financial Group Co, Ltd. is a financial holding company. The Company operates through eight segments: retail banking, corporate and investment banking, international banking, other banking services, credit card services, securities brokerage services, life insurance services and other. The Company’s deposit products consist of demand deposits, savings deposits, time deposits, certificates of deposit, housing subscription time deposits and housing subscription installment savings deposits.

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