Nomura Remains a Buy on SMC (OR) (SMECF)
In a report released today, Kentaro Maekawa from Nomura maintained a Buy rating on SMC (OR) (SMECF – Research Report), with a price target of Yen75,000.00. The company’s shares closed yesterday at $367.05.
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Maekawa covers the Industrials sector, focusing on stocks such as IHI, SMC (OR), and Kubota. According to TipRanks, Maekawa has an average return of 24.5% and a 50.00% success rate on recommended stocks.
Currently, the analyst consensus on SMC (OR) is a Strong Buy with an average price target of $462.42, representing a 25.98% upside. In a report released on May 22, Bernstein also maintained a Buy rating on the stock with a Yen74,000.00 price target.
The company has a one-year high of $533.00 and a one-year low of $287.25. Currently, SMC (OR) has an average volume of 4,441.
