Zacks: Shinhan Financial Group (SHG) Given $52.00 Consensus Price Target by Brokerages

Shares of Shinhan Financial Group (NYSE:SHG) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus target price of $52.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group an industry rank of 79 out of 265 based on the ratings given to its competitors.

How to Become a New Pot Stock Millionaire

Separately, Zacks Investment Research lowered Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Shinhan Financial Group by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,696,515 shares of the bank’s stock worth $119,448,000 after acquiring an additional 32,845 shares during the period. BlackRock Inc. increased its stake in Shinhan Financial Group by 45.4% during the 4th quarter. BlackRock Inc. now owns 433,581 shares of the bank’s stock worth $20,118,000 after acquiring an additional 135,386 shares during the period. Aperio Group LLC increased its stake in Shinhan Financial Group by 11.2% during the 4th quarter. Aperio Group LLC now owns 432,566 shares of the bank’s stock worth $20,071,000 after acquiring an additional 43,635 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Shinhan Financial Group by 9.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 371,278 shares of the bank’s stock worth $17,228,000 after acquiring an additional 30,550 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Shinhan Financial Group by 7.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 368,395 shares of the bank’s stock worth $16,320,000 after acquiring an additional 26,907 shares during the period. Hedge funds and other institutional investors own 2.40% of the company’s stock.

Shares of NYSE SHG opened at $41.94 on Friday. Shinhan Financial Group has a 1-year low of $40.02 and a 1-year high of $50.37. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $19,997.00, a PE ratio of 4.25, a PEG ratio of 1.66 and a beta of 1.22.

TRADEMARK VIOLATION NOTICE: “Zacks: Shinhan Financial Group (SHG) Given $52.00 Consensus Price Target by Brokerages” was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/3337051/zacks-shinhan-financial-group-shg-given-52-00-consensus-price-target-by-brokerages.html.

About Shinhan Financial Group

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through Banking, Credit Card, Securities, Life Insurance, and Others segments. Its retail banking services include mortgage and home equity, and retail lending products; demand, savings, and fixed deposit-taking; checking accounts, and electronic banking and automatic teller machine (ATM) services; and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.

Get a free copy of the Zacks research report on Shinhan Financial Group (SHG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Shinhan Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shinhan Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

James River Group  Upgraded to Hold by BidaskClub
James River Group Upgraded to Hold by BidaskClub
MGM Growth Properties  Stock Rating Upgraded by Zacks Investment Research
MGM Growth Properties Stock Rating Upgraded by Zacks Investment Research
PulteGroup  Upgraded to “Buy” by B. Riley
PulteGroup Upgraded to “Buy” by B. Riley
Nexeo Solutions  Lowered to “Hold” at Zacks Investment Research
Nexeo Solutions Lowered to “Hold” at Zacks Investment Research
The Walt Disney  Upgraded to “Market Perform” by BMO Capital Markets
The Walt Disney Upgraded to “Market Perform” by BMO Capital Markets
STMicroelectronics  Posts  Earnings Results, Beats Estimates By $0.01 EPS
STMicroelectronics Posts Earnings Results, Beats Estimates By $0.01 EPS


© 2006-2018 Ticker Report. Google+.