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Shibaura Machine Co., Ltd. ( (JP:6104) ) just unveiled an update.
Shibaura Machine Co., Ltd. has completed the acquisition of 80% of the stocks of SHIBAURA MACHINE LWB GmbH, previously known as LWB Steinl GmbH, through its subsidiary SHIBAURA MACHINE EMEA GmbH. This acquisition is expected to strengthen the company’s position in the industrial machinery market, particularly in the injection molding segment, although the company has not specified any immediate impact on its business results.
The most recent analyst rating on (JP:6104) stock is a Buy with a Yen4980.00 price target. To see the full list of analyst forecasts on Shibaura Machine Co., Ltd. stock, see the JP:6104 Stock Forecast page.
More about Shibaura Machine Co., Ltd.
Shibaura Machine Co., Ltd. operates in the industrial machinery sector, primarily focusing on the manufacture and sale of injection molding machines.
YTD Price Performance: 25.19%
Average Trading Volume: 86,215
Technical Sentiment Signal: Buy
Current Market Cap: Yen95.4B
Find detailed analytics on 6104 stock on TipRanks’ Stock Analysis page.