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An update from Shibaura Machine Co., Ltd. ( (JP:6104) ) is now available.
Shibaura Machine Co., Ltd. has signed a definitive agreement to acquire LWB Steinl GmbH, a German manufacturer known for its specialized injection molding machines for rubber and plastics. This acquisition is part of Shibaura’s strategy to strengthen its foothold in the European market and expand its business portfolio. By integrating LWB’s technology and brand, Shibaura aims to enhance its production capabilities and sales network in Europe, while also planning to reduce costs and boost sales in Asia through synergies with its existing operations.
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, focusing primarily on the production and sale of injection molding machines. The company is actively expanding its market presence in Europe and Asia, leveraging its technological expertise and strategic acquisitions.
YTD Price Performance: 21.72%
Average Trading Volume: 120,437
Technical Sentiment Signal: Buy
Current Market Cap: Yen92.76B
For an in-depth examination of 6104 stock, go to TipRanks’ Overview page.