Several other analysts also recently issued reports on the company. Bank of America downgraded Sumitomo Mitsui Financial Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 11th. The Goldman Sachs Group began coverage on shares of Sumitomo Mitsui Financial Group in a research note on Wednesday, April 27th. They issued a “buy” rating for the company. Finally, Zacks Investment Research cut Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 14th.
Shares of NYSE SMFG traded up $0.08 on Thursday, hitting $5.87. The company had a trading volume of 4,814,568 shares, compared to its average volume of 2,838,873. Sumitomo Mitsui Financial Group has a 12-month low of $5.79 and a 12-month high of $7.74. The firm has a market capitalization of $40.34 billion, a P/E ratio of 6.31, a PEG ratio of 0.48 and a beta of 0.74. The business has a 50 day moving average of $6.34 and a two-hundred day moving average of $6.78.
About Sumitomo Mitsui Financial Group (Get Rating)
Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through four segments: Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit.
- Get a free copy of the StockNews.com research report on Sumitomo Mitsui Financial Group (SMFG)
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