J.P. Morgan Reaffirms Their Sell Rating on Mitsubishi (MSBHF)
J.P. Morgan analyst maintained a Sell rating on Mitsubishi on January 16 and set a price target of Yen3,700.00. The company’s shares closed last Friday at Yen4,055.00.
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Mitsubishi has an analyst consensus of Hold, with a price target consensus of Yen3,662.97.
Based on Mitsubishi’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of Yen4419137000 thousand and a net profit of Yen152.68 billion. In comparison, last year the company earned a revenue of Yen4668798000 thousand and had a net profit of Yen263.7 billion
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