Mizuho Financial Group inc. (NYSE:MFG) shares shot up 1.5% on Wednesday . The stock traded as high as $3.46 and last traded at $3.42, with a volume of 109,406 shares traded. The stock had previously closed at $3.37.

Several brokerages have weighed in on MFG. Zacks Investment Research raised shares of Mizuho Financial Group inc. from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research note on Friday, June 24th. JPMorgan Chase & Co. began coverage on shares of Mizuho Financial Group inc. in a research note on Wednesday, July 6th. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $3.50.

The firm has a market capitalization of $44.19 billion and a price-to-earnings ratio of 6.93. The company’s 50-day moving average is $3.22 and its 200-day moving average is $3.07.

Mizuho Financial Group, Inc is a provider of domestic and international financial services in Japan and other countries. The Company is engaged in banking, trust banking, securities and other businesses related to financial services through its subsidiaries and affiliates. The Company has four segments: Mizuho Bank, Ltd., which offers a range of financial products and services in relation to deposits, lending and exchange settlement to individuals, small and medium enterprises, large corporations, financial institutions, public sector entities and foreign corporations, including foreign subsidiaries of Japanese corporations; Mizuho Trust & Banking Co, Ltd., which offers trust-related products and consulting services; Mizuho Securities Co, Ltd., which offers securities services to corporations, financial institutions, public sector entities and individuals, and Others, which include Trust & Custody Services Bank, Ltd., Mizuho Capital Co, Ltd.

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