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The latest update is out from Kobe Steel ( (JP:5406) ).
Kobe Steel has completed the repurchase of 1,900,000 of its common shares, amounting to approximately 3.11 billion yen, as per the resolution passed by its Board of Directors. This strategic move, executed through market purchases on the Tokyo Stock Exchange, reflects the company’s efforts to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (JP:5406) stock is a Hold with a Yen1740.00 price target. To see the full list of analyst forecasts on Kobe Steel stock, see the JP:5406 Stock Forecast page.
More about Kobe Steel
Kobe Steel, Ltd. is a company listed on the Tokyo Stock Exchange, primarily engaged in the steel industry. It focuses on producing and selling steel products, serving various sectors that require high-quality steel materials.
Average Trading Volume: 3,129,900
Technical Sentiment Signal: Buy
Current Market Cap: Yen645.2B
For detailed information about 5406 stock, go to TipRanks’ Stock Analysis page.