Shares of SHG remained unchanged at $87.20. Shinhan Financial Group Co. Ltd. is trading at a price to book ratio of 1.01. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.64 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.88. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 52492 shares of SHG exchange hands on a given day and today's volume is recorded at 11400. These factors combined make this company a prime takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
Shinhan Financial Group Co., Ltd. is a Korea-based financial holding company engaged in the management of subsidiaries.
