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Morgan Stanley Keeps Their Hold Rating on Shimano (SHMDF)
In a report released today, from Morgan Stanley maintained a Hold rating on Shimano, with a price target of Yen17,000.00.
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The word on The Street in general, suggests a Hold analyst consensus rating for Shimano with a Yen16,385.02 average price target.
Based on Shimano’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of Yen123.87 billion and a GAAP net loss of Yen5.82 billion. In comparison, last year the company earned a revenue of Yen116.33 billion and had a net profit of Yen20.02 billion
Read More on SHMDF:
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- Shimano Advances Shareholder Returns With ¥2.69 Billion Share Buyback
- Shimano Launches Targeted Share Buyback Within ¥50 Billion Repurchase Program
- Shimano Board Rejects Investor’s Call for Additional Share Buybacks
- Shimano Weighs Cut to Investment Unit to Broaden Retail Access
- Shimano Launches Up to ¥50 Billion Share Buyback to Boost Capital Efficiency
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