Zacks Investment Research Lowers Shinhan Financial Group (SHG) to Hold
Zacks Investment Research cut shares of Shinhan Financial Group (NYSE:SHG) from a strong-buy rating to a hold rating in a report published on Tuesday morning.
According to Zacks, “Shinhan Financial Group is Korea’s largest financial services company. Shinhan Bank is the Group’s flagship subsidiary, and, when combined with the recently acquired Chohung Bank, is Korea’s second largest banking operation. Besides banking, the Group operates subsidiaries in securities, credit cards, asset management, leasing, bancassurance, and project finance. “
Shinhan Financial Group (SHG) opened at $47.81 on Tuesday. The company has a market capitalization of $22,296.84, a price-to-earnings ratio of 4.10, a PEG ratio of 1.61 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Shinhan Financial Group has a fifty-two week low of $36.78 and a fifty-two week high of $48.98.
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Shinhan Financial Group Company Profile
Shinhan Financial Group Co, Ltd. (SFG) is a financial holding company. The Company operates through five segments: commercial banking services, which are provided by Shinhan Bank Co, Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co, Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp.
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