Notable positive changes in Shinhan Financial Group Co Ltd (NYSE: SHG) fundamentals have recently occurred: the consensus estimate for December, 2023 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
Shinhan Financial Group Co Ltd (NYSE: SHG). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
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
With future capital returns forecasted to be above the cost of capital, SHG is expected to continue to be an important Value Builder.
Shinhan Financial Group has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Shinhan Financial Group has a slightly positive Power Rating of 64 and a very high Appreciation Score of 97, and the Highest Value Trend Rating results.
Recent Price Action
Shinhan Financial Group Co Ltd (NYSE: SHG) stock rose slightly by 0.2% on 11/17/23. The stock closed at $27.92. The stock has been strong relative to the market over the last nine months and has risen 6.4% during the last week.
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