Japan's Bronco Billy hits record high after solid earnings

Bronco Billy Co

16/04/2018 04:40

** Bronco Billy shares  3091.T  surge as much as 19.3 pct to
a record high of 4,265 yen
    ** Operator of steak restaurant chain reported a 33 pct rise
in net profit in Jan-March from a year earlier, sharp
acceleration from a 4.4 pct rise in Oct-Dec
    ** Sales jumped 21.8 pct, fastest growth in more than two
years
    ** Among the 5 analysts who cover the stock, 2 have "strong
buy" or "buy" while three rate as "hold"; mean price target is
3,510 yen
    
(Reuters Messaging:hideyuki.sano.thomsonreuters.com@reuters.net)