tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

East Japan Railway Company Announces Strategic Share Repurchase Plan

Story Highlights
  • East Japan Railway Company plans a share repurchase to support an employee stock compensation plan.
  • The company aims to buy back up to 2,404,700 shares at a maximum price of 7.74 billion yen.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
East Japan Railway Company Announces Strategic Share Repurchase Plan

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest announcement is out from East Japan Railway Company ( (JP:9020) ).

East Japan Railway Company announced a share repurchase plan to support its employee stock compensation initiative and enhance its capital policy flexibility. The company plans to repurchase up to 2,404,700 shares, representing 0.21% of its total issued shares, at a maximum aggregate price of 7.74 billion yen through the Tokyo Stock Exchange’s Off-Auction Treasury Stock Repurchase Trading System.

The most recent analyst rating on (JP:9020) stock is a Hold with a Yen3100.00 price target. To see the full list of analyst forecasts on East Japan Railway Company stock, see the JP:9020 Stock Forecast page.

More about East Japan Railway Company

East Japan Railway Company operates in the transportation industry, primarily focusing on railway services. It is a prominent player in Japan’s railway sector, providing extensive rail network services across the eastern region of the country.

Average Trading Volume: 2,413,358

Technical Sentiment Signal: Buy

Current Market Cap: Yen3564.9B

See more insights into 9020 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1