Sumitomo Mitsui Financial Grp (NYSE:SMFG) Stock Rating Lowered by ValuEngine
Sumitomo Mitsui Financial Grp (NYSE:SMFG) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, ValuEngine reports.
Separately, Zacks Investment Research upgraded Sumitomo Mitsui Financial Grp from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Tuesday, September 17th.
Shares of SMFG stock traded up $0.02 during mid-day trading on Friday, hitting $7.34. The stock had a trading volume of 676,359 shares, compared to its average volume of 1,651,418. Sumitomo Mitsui Financial Grp has a 12-month low of $6.32 and a 12-month high of $7.97. The firm has a market capitalization of $50.09 billion, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 2.82 and a beta of 1.23. The firm’s 50-day moving average is $6.97 and its two-hundred day moving average is $6.93. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.06 and a quick ratio of 1.06.
Sumitomo Mitsui Financial Grp Company Profile
Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services primarily in Japan. It operates through four segments: Wholesale Business, Retail Business, International Business, and Global Markets Business.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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