Shinhan Financial Group Co Ltd (NYSE: SHG) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Shinhan Financial Group Co Ltd (NYSE: SHG) has recently enjoyed notable positive changes in fundamentals: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Shinhan Financial Group has a good Power Rating of 75 and a very high Appreciation Score of 96, and the Highest Value Trend Rating results.
Recent Price Action
Shinhan Financial Group Co Ltd (NYSE: SHG) stock declined by -2.8% on 1/3/24. The shares closed at $29.13. Moreover, above average trading volume at 139% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -3.8% during the last week.
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