Recent exceptional positive changes in fundamentals have benefitted Shinhan Financial Group Co Ltd (NYSE: SHG): the consensus estimate for December, 2023 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2024 increased significantly, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SHG is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Shinhan Financial Group has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Shinhan Financial Group has a good Power Rating of 72 and a very high Appreciation Score of 96, and the Highest Value Trend Rating results.
Recent Price Action
On 12/1/23, Shinhan Financial Group Co Ltd (NYSE: SHG) stock declined slightly by -0.07%, closing at $28.38. However, this decline was accompanied by below average trading volume at 70% of normal. Relative to the market the stock has been strong over the last nine months and is unchanged during the last week.
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