At the time of writing, Shinhan Financial Group Co. Ltd. ADR [SHG] stock is trading at $51.26, up 3.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The SHG shares have gain 10.57% over the last week, with a monthly amount glided 17.87%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Shinhan Financial Group Co. Ltd. ADR [NYSE: SHG] stock has seen the most recent analyst activity on January 16, 2024, when BofA Securities upgraded its rating to a Buy. Previously, Morgan Stanley downgraded its rating to Equal-Weight on May 16, 2023. On March 02, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $32.31 on the stock. BofA Securities upgraded its rating to a Buy. JP Morgan upgraded its rating to a Overweight. Citigroup downgraded its rating to Neutral for this stock on October 23, 2019. In a note dated August 05, 2019, JP Morgan downgraded an Neutral rating on this stock.
For the past year, the stock price of Shinhan Financial Group Co. Ltd. ADR fluctuated between $28.76 and $51.21. Shinhan Financial Group Co. Ltd. ADR [NYSE: SHG] shares were valued at $51.26 at the most recent close of the market.
Analyzing the SHG fundamentals
According to Shinhan Financial Group Co. Ltd. ADR [NYSE:SHG], the company’s sales were 27.67B for trailing twelve months, which represents an -8.59% plunge. Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.02 points at the first support level, and at 50.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.49, and for the 2nd resistance point, it is at 51.72.
Ratios To Look Out For
It is important to note that Shinhan Financial Group Co. Ltd. ADR [NYSE:SHG] has a current ratio of 0.21. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 0.72 and price to earnings (TTM) ratio is 8.10.
