Sumitomo Mitsui Fina Stock Rating Lowered by Zacks (SMFG)
Sumitomo Mitsui Fina (NASDAQ:SMFG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a $10.60 target price on the stock. Zacks‘ price objective would suggest a potential upside of 5.79% from the company’s current price.
Shares of Sumitomo Mitsui Fina (NASDAQ:SMFG) traded down 1.20% during mid-day trading on Tuesday, hitting $9.90. 276,072 shares of the company’s stock traded hands. Sumitomo Mitsui Fina has a one year low of $5.84 and a one year high of $10.20. The stock has a 50-day moving average of $9.62 and a 200-day moving average of $9.25. The company has a market cap of $67.684 billion and a P/E ratio of 5.55.
Sumitomo Mitsui Financial Group, Inc (NASDAQ:SMFG) is engaged in the financial services-related business.
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