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

A number of research analysts recently weighed in on MFG shares. Zacks Investment Research raised Mizuho Financial Group inc. from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Friday, June 24th. JPMorgan Chase & Co. started coverage on Mizuho Financial Group inc. in a report on Wednesday, July 6th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Mizuho Financial Group inc. presently has a consensus rating of “Hold” and an average target price of $3.50.

The stock has a market cap of $43.44 billion and a P/E ratio of 6.81. 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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