Woori Bank (WF) Given $61.00 Average Target Price by Analysts

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

Brokers have set a 1 year consensus price objective of $61.00 for the company, according to Zacks. Zacks has also given Woori Bank an industry rank of 199 out of 256 based on the ratings given to its competitors.

Several equities research analysts have recently commented on WF shares. ValuEngine raised shares of Woori Bank from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Woori Bank from a “hold” rating to a “strong-buy” rating and set a $48.00 price target for the company in a research report on Tuesday, October 30th.

WF traded up $0.07 during midday trading on Monday, hitting $42.07. 13,378 shares of the company traded hands, compared to its average volume of 18,133. Woori Bank has a 52 week low of $38.29 and a 52 week high of $49.04. The stock has a market capitalization of $9.45 billion, a P/E ratio of 7.79, a P/E/G ratio of 0.88 and a beta of 0.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.09.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Woori Bank by 40.9% during the 2nd quarter. Signaturefd LLC now owns 4,082 shares of the bank’s stock valued at $179,000 after purchasing an additional 1,184 shares during the last quarter. Wetherby Asset Management Inc. increased its position in shares of Woori Bank by 19.7% during the 3rd quarter. Wetherby Asset Management Inc. now owns 12,676 shares of the bank’s stock valued at $574,000 after purchasing an additional 2,085 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Woori Bank by 5.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 51,965 shares of the bank’s stock valued at $2,355,000 after purchasing an additional 2,902 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Woori Bank by 2,060.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,056 shares of the bank’s stock worth $230,000 after acquiring an additional 4,822 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Woori Bank by 6.4% in the 3rd quarter. Morgan Stanley now owns 105,860 shares of the bank’s stock worth $4,799,000 after acquiring an additional 6,326 shares in the last quarter. 0.56% of the stock is owned by hedge funds and other institutional investors.

About Woori Bank

Woori Bank engages in the provision of personal and commercial banking services. It operates through the following segments: Consumer Banking, Corporate Banking, Investment Banking, Capital Markets, Credit Cards, and Other Operations. The Consumer Banking segment consists of lending to and taking deposits from its retail customers.

Read More: What is Liquidity?

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

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

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit