Analysts Set $52.00 Target Price for Shinhan Financial Group Co., Ltd. (SHG)
Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus target price of $52.00 for the company, according to Zacks. Zacks has also given Shinhan Financial Group an industry rank of 241 out of 255 based on the ratings given to its competitors.
A number of equities analysts have recently commented on SHG shares. Zacks Investment Research upgraded shares of Shinhan Financial Group from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, April 24th. ValuEngine lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.
Shares of Shinhan Financial Group traded down $0.77, reaching $37.73, during mid-day trading on Tuesday, MarketBeat.com reports. 75,540 shares of the company’s stock were exchanged, compared to its average volume of 81,849. The firm has a market cap of $18.26 billion, a PE ratio of 3.29, a price-to-earnings-growth ratio of 1.57 and a beta of 1.10. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.06 and a current ratio of 1.07. Shinhan Financial Group has a twelve month low of $36.54 and a twelve month high of $50.37.
Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Tuesday, May 15th. The bank reported $3.24 EPS for the quarter. The company had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a net margin of 17.23% and a return on equity of 8.32%. sell-side analysts forecast that Shinhan Financial Group will post 5.62 EPS for the current year.
Shinhan Financial Group Company Profile
Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Cards, Securities, Life Insurance, and Others. It offers retail banking services, including mortgage and home equity, and retail lending; demand, savings, and fixed deposit-taking; checking accounts; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.
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