Japan's Shimamura soars after expecting bullish forecast

Shimamura

03/04/2018 01:26

** Clothing chain Shimamura Co  8227.T  soars 3.7 pct to
13,870 yen, highest since August
    ** Co expects 18.9 pct rise in operating profit to 51.01 bln
yen for FY ending Feb 2019, topping 45.7 bln yen estimated by 11
analysts polled by Thomson Reuters  urn:newsml:reuters.com:*:nXB0AL34U3
    ** About 136,700 shares of the Saitama-ken-based company had
been traded by 0019 GMT, about 82.7 percent of their 30-day
moving average of 165,220 shares a day.
    ** Among the 12 analysts that cover Shimamura Co Ltd, the
current average rating on the shares is "hold"; the breakdown of
recommendations is  1 "strong buy" or "buy", seven "hold" and
four "sell" or "strong sell". The analyst mean price target is
13,276.92 yen.
    ** The forward price-to-earnings ratio for Shimamura Co Ltd
for the next 12 months is 15.57, about 9.56 percent higher than
at the end of last year (14.21)

 ((Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net))