Mizuho Financial Group (MFG) : Analyst Rating Update

Mizuho Financial Group (MFG) : 1 analysts are covering Mizuho Financial Group (MFG) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Mizuho Financial Group (NYSE:MFG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.79 and $2.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.83, notching a gain of 0.71% for the day. The total traded volume was 866,155 . The stock had closed at $2.81 on the previous day.

The company shares have dropped -31.46% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $4.50 and the one year low was seen on Apr 5, 2016. The 50-Day Moving Average price is $3.01 and the 200 Day Moving Average price is recorded at $3.18.

Mizuho Financial Group, Inc. is a provider of domestic and international financial services in Japan and other countries. The Company is engaged in banking, trust banking, securities and other businesses related to financial services through its subsidiaries and affiliates. The Company has four segments: Mizuho Bank, Ltd., which offers a range of financial products and services in relation to deposits, lending and exchange settlement to individuals, small and medium enterprises, large corporations, financial institutions, public sector entities and foreign corporations, including foreign subsidiaries of Japanese corporations; Mizuho Trust & Banking Co., Ltd., which offers trust-related products and consulting services; Mizuho Securities Co., Ltd., which offers securities services to corporations, financial institutions, public sector entities and individuals, and Others, which include Trust & Custody Services Bank, Ltd., Mizuho Capital Co., Ltd. and Mizuho Asset Management Co., Ltd.

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