TheScreener - Suruga Bank Ltd. (8358) SURUGA BANK sees a downgrade to Neutral on account of less fundamental stars

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EUR 14.32 For Business Accounts Only

SURUGA BANK sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of SURUGA BANK (JP), active in the Money Center Banks industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date April 1, 2022, the closing price was JPY 412.00 and its target price was estimated at JPY 378.22.

02/04/2022 1 EN

Underlying

Suruga Bank Ltd.

Suruga Bank is a regional bank with total assets of Y4,471,725 million and operates 122 branches and 10 sub-branches mainly in Shizuoka and Kanagawa Prefectures as of Mar 31 2017. Co.'s banking services include accepting various types of deposits, extending loans and discounts, domestic and foreign exchange transactions, acceptances and guarantees, underwriting of corporate bonds, trust services, and other related banking and financial services including ATM, Internet and mobile banking, defined benefit plans, and investment products sale. In addition, Co., through its subsidiaries is engaged in the provision of staffing, consumer lending, credit card, and leasing services.

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JP3411000007 Japan

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TheScreener

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SURUGA BANK sees a downgrade to Neutral on account of less fundamental stars

Empowering Investors

Ford Equity International Rating and Forecast Report

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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