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The latest announcement is out from Shimano ( (JP:7309) ).
Shimano Inc. has announced a development in a lawsuit involving its U.S. subsidiary concerning bonded 11-speed HOLLOWTECH II road cranksets. A preliminary approval order has been issued based on a settlement agreement, with final court approval expected early next year. The terms of the settlement are considered reasonable by Shimano, and they will disclose further details as required by law.
The most recent analyst rating on (JP:7309) stock is a Buy with a Yen26300.00 price target. To see the full list of analyst forecasts on Shimano stock, see the JP:7309 Stock Forecast page.
More about Shimano
Shimano Inc. operates in the manufacturing industry, specializing in cycling components, fishing tackle, and rowing equipment. The company is known for its innovative products in the cycling sector, particularly its HOLLOWTECH cranksets, and has a significant market presence globally.
YTD Price Performance: -21.80%
Average Trading Volume: 352,409
Technical Sentiment Signal: Sell
Current Market Cap: Yen1449.3B
For a thorough assessment of 7309 stock, go to TipRanks’ Stock Analysis page.