Shinhan Financial Group Co. (NYSE:SHG) gapped up before the market opened on Monday . The stock had previously closed at $35.76, but opened at $36.09. Shinhan Financial Group shares last traded at $36.48, with a volume of 15,601 shares changing hands.

Separately, Zacks Investment Research raised shares of Shinhan Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a report on Saturday, April 23rd.

The firm’s 50 day moving average price is $33.81 and its 200 day moving average price is $33.84. The company has a market cap of $17.31 billion and a PE ratio of 7.83.

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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