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An announcement from Sumitomo Forestry Co ( (JP:1911) ) is now available.
Sumitomo Forestry Co., Ltd. announced a rebranding and status change for its subsidiary, Brightland Homes, Ltd., which will now be known as DRB Group Texas, LLC. Despite the change in name and status, the company will remain a consolidated subsidiary, and the impact on Sumitomo Forestry’s financial results is expected to be minor.
The most recent analyst rating on (JP:1911) stock is a Hold with a Yen1846.00 price target. To see the full list of analyst forecasts on Sumitomo Forestry Co stock, see the JP:1911 Stock Forecast page.
More about Sumitomo Forestry Co
Sumitomo Forestry Co., Ltd. operates in the construction and housing industry, focusing on the development and sale of residential properties. The company is listed on the Tokyo Stock Exchange and is known for its commitment to sustainable forestry and building practices.
YTD Price Performance: -6.85%
Average Trading Volume: 2,877,270
Technical Sentiment Signal: Buy
Current Market Cap: Yen993.4B
Find detailed analytics on 1911 stock on TipRanks’ Stock Analysis page.