Somewhat Positive News Coverage Somewhat Unlikely to Impact Shinhan Financial Group (SHG) Stock Price
Media headlines about Shinhan Financial Group (NYSE:SHG) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shinhan Financial Group earned a coverage optimism score of 0.00 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.7951356851455 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of NYSE:SHG traded down $0.16 during trading on Friday, reaching $43.20. 73,085 shares of the company traded hands, compared to its average volume of 68,769. The firm has a market capitalization of $20.49 billion, a P/E ratio of 3.70, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22. Shinhan Financial Group has a 1-year low of $40.44 and a 1-year high of $50.37. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.58.
SHG has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. ValuEngine lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.
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.
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