Zacks Investment Research upgraded shares of Woori Bank American Depositary Shares (Each representing 3 shares of ) (NYSE:WF) from a sell rating to a strong-buy rating in a report published on Saturday. Zacks Investment Research currently has $52.00 target price on the bank’s stock.
According to Zacks, “Woori Financial Group was established as Korea’s first financial holding company in April 2001 to keep pace with the global trends and evolve as a global player with world-class competitiveness. Since its launch, the Group has achieved remarkable growth in the banking business thanks to the consolidated performances of banking subsidiaries, and continued to expand its non-banking businesses through mergers and acquisitions and joint investments, As a result, the Group became the Korea’s representative financial group. “
Shares of Woori Bank American Depositary Shares (WF) traded down $1.08 on Friday, reaching $44.24. The company had a trading volume of 12,607 shares, compared to its average volume of 13,067. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 1.08. Woori Bank American Depositary Shares has a 1 year low of $30.92 and a 1 year high of $53.50. The stock has a market cap of $9,968.73, a PE ratio of 8.69, a P/E/G ratio of 1.13 and a beta of 1.04.
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Woori Bank American Depositary Shares (Each representing 3 shares of ) Company Profile
Woori Finance Holdings Co, Ltd. is a financial holding company. The Company serves over 24 million corporate and retail customers with a range of financial services, including commercial banking, credit card, capital market, international banking, wealth management and bancassurance services. The Company’s domestic network consists of more than 1,300 branches and 8,500 cash terminals.
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