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Shibaura Machine Co., Ltd. ( (JP:6104) ) just unveiled an update.
Shibaura Machine Co., Ltd. has announced its intention to acquire LWB Steinl GmbH, a leading German manufacturer of injection molding machines, to strengthen its European market presence. This acquisition is expected to enhance Shibaura’s production, sales, and service capabilities in Europe and facilitate cost reduction and sales expansion in Asia, thereby aligning with its medium-term management plan.
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 working to expand its market presence in Europe and Asia, leveraging its existing subsidiaries and exploring strategic acquisitions.
Average Trading Volume: 132,390
Technical Sentiment Signal: Buy
Current Market Cap: Yen93.97B
For detailed information about 6104 stock, go to TipRanks’ Stock Analysis page.