Mizuho Financial Group inc. (MFG) Shares Gap Up to $3.33
Mizuho Financial Group inc. (NYSE:MFG) shares gapped up prior to trading on Tuesday . The stock had previously closed at $3.31, but opened at $3.33. Mizuho Financial Group inc. shares last traded at $3.38, with a volume of 95,271 shares.
MFG has been the subject of several recent analyst reports. 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 report on Friday, June 24th. JPMorgan Chase & Co. initiated coverage on shares of Mizuho Financial Group inc. in a report on Wednesday, July 6th. They issued an “overweight” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Mizuho Financial Group inc. has a consensus rating of “Hold” and an average target price of $3.50.
The company has a market capitalization of $42.31 billion and a PE ratio of 6.63. The firm’s 50-day moving average is $3.19 and its 200-day moving average is $3.06.
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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