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7965 - Zojirushi News Story

¥1650 27.0  1.7%

Last Trade - 7:00am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £712.2m
Enterprise Value £493.4m
Revenue £489.6m
Position in Universe 733rd / 3904

BUZZ-Japan's Zojirushi jumps after CLSA hikes rating

Tue 27th March, 2018 6:34am
** Cooking appliance maker Zojirushi Corp  7965.T  jumps 14
pct to one-year high of 1,600 yen
    ** CLSA hikes rating to "buy" from "underperform", raises
target price to 1,770 yen from 1,220 yen, citing strong demand
for rice cookers in China
    ** As of previous close, stock had risen 22.21 pct so far
this year
    ** As of 0521 GMT, about 3.24 mln shares of the
Osaka-fu-based co had been traded, about 813.2 pct of their
30-day moving average of 398.33 thousand shares a day
    ** Among the 2 analysts covering Zojirushi, the current
average rating is "hold"; the breakdown of recommendations is 1
"strong buy" or "buy" and one "sell" or "strong sell". The
analyst mean price target is 1,350 yen.


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