A major Japanese securities firm maintained its Slightly Bullish rating on Penta-Ocean Construction on 20 October and raised its target price to ¥1,800. The consensus rating was at a Bullish level as of the previous day.
A major Japanese securities firm reportedly maintained its rating on Penta-Ocean Construction at “Slightly Bullish (2)” in an October announcement. It also reportedly raised the target price from ¥1,400 to ¥1,800.
The article also stated that, as of 19 October, the rating consensus was 4.75, based on 4 analysts, corresponding to “Bullish,” while the target-price consensus was ¥2,125, also based on 4 analysts. This suggests a slight upward revision in the market’s assessment of the company.
Related stocks cited included West Holdings, Nishimatsu Construction, Sho-Bond Holdings and Kandenko. The information was presented as coming from IFIS JAPAN, with attention drawn to related stocks in connection with the same development.
The report was disseminated through media including “IFIS Stock Forecast,” with reporting by external media cited as the source of the information.