Japan's Yamazaki Baking hits 9-month high after broker hikes target price
05/04/2018 06:11
** Yamazaki Baking Co Ltd 2212.T rises 4.2 pct to 2,297
yen, highest since June 2017
** SMBC Nikko Securities hikes target price for baking co's
stock to 2,000 yen from 1,700 yen, citing steady sales of bread
items
** As of 05:04 GMT, about 981.50 thousand shares of the
Tokyo-based company have been traded, about 150.7 pct of their
30-day moving average of 651.16 thousand shares a day
** Among the 7 analysts covering Yamazaki Baking, the
current average rating is "hold"; the breakdown of
recommendations is 1 "strong buy" or "buy", three "hold" and two
"sell" or "strong sell". The analyst mean price target is
2,073.33 yen
** The forward price-to-earnings ratio for Yamazaki Baking
for the next 12 months is 26.48, about 0.36 pct higher than it
was at the end of last year (26.39)
((Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net))