Extremely important positive changes in investment behavior have recently occurred for Shinhan Financial Group Co Ltd (NYSE: SHG): the stock rose on very heavy volume, and its longer term price trend turned up.
Shinhan Financial Group Co Ltd (NYSE: SHG). Meaningful positive changes in fundamentals have recently occurred: 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Shinhan Financial Group has a good Power Rating of 73 and a very high Appreciation Score of 96, and the Highest Value Trend Rating results.
Recent Price Action
On 12/18/23, Shinhan Financial Group Co Ltd (NYSE: SHG) stock rose modestly by 0.7%, closing at $29.56. Moreover, trading volume in this advance was exceptionally high at 349% of normal. The stock has risen 5.5% during the last week and has been strong relative to the market over the last nine months.
Be the first to comment