Brokerages Set $53.00 Target Price for Woori Financial Group Inc (WF)

Shares of Woori Financial Group Inc (NYSE:WF) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus target price of $53.00 for the company, according to Zacks. Zacks has also assigned Woori Financial Group an industry rank of 31 out of 256 based on the ratings given to related companies.

A number of equities research analysts recently commented on WF shares. ValuEngine cut shares of Woori Financial Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 23rd. Zacks Investment Research cut shares of Woori Financial Group from a “buy” rating to a “sell” rating in a report on Thursday, May 2nd.

NYSE:WF traded up $0.05 during midday trading on Friday, reaching $34.98. 64,328 shares of the stock traded hands, compared to its average volume of 12,860. Woori Financial Group has a 12-month low of $33.57 and a 12-month high of $48.10. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 4.63, a PEG ratio of 0.97 and a beta of 0.55.

Several hedge funds and other institutional investors have recently bought and sold shares of WF. Nordea Investment Management AB acquired a new stake in Woori Financial Group during the fourth quarter valued at $28,000. Lindbrook Capital LLC acquired a new stake in Woori Financial Group during the fourth quarter valued at $58,000. One Wealth Advisors LLC acquired a new stake in Woori Financial Group during the first quarter valued at $78,000. Millennium Management LLC acquired a new stake in Woori Financial Group during the fourth quarter valued at $212,000. Finally, Acadian Asset Management LLC grew its position in Woori Financial Group by 764.2% during the first quarter. Acadian Asset Management LLC now owns 8,417 shares of the bank’s stock valued at $303,000 after buying an additional 7,443 shares during the period. 0.56% of the stock is owned by institutional investors and hedge funds.

About Woori Financial Group

Woori Financial Group Inc provides commercial banking products and services to retail and individual customers, and corporations. The company offers salary, fixed deposit, savings, and ordinary and business deposit products; and professional, deposit mortgage, apartment, and mortgage loans, as well as corporate operating, facility, and policy loans.

See Also: Bond

Get a free copy of the Zacks research report on Woori Financial Group (WF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Woori Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woori Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.