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NSK Ltd. ( (JP:6471) ) just unveiled an announcement.
NSK Ltd. has announced a proposal to withdraw production from its Peterlee sites in the UK as part of its ongoing structural reforms in Europe. This decision is driven by persistent profitability challenges in the region, and the company plans to engage in consultations with stakeholders, potentially affecting around 350 employees. The impact on business performance is yet to be determined, with further assessments to be communicated in due course.
The most recent analyst rating on (JP:6471) stock is a Buy with a Yen988.00 price target. To see the full list of analyst forecasts on NSK Ltd. stock, see the JP:6471 Stock Forecast page.
More about NSK Ltd.
NSK Ltd. is a Japanese company headquartered in Tokyo, primarily operating in the automotive industry. It specializes in manufacturing automotive bearings and precision steel balls for bearings, with a market focus on structural reforms to enhance profitability.
Average Trading Volume: 2,500,124
Technical Sentiment Signal: Buy
Current Market Cap: Yen438.7B
See more data about 6471 stock on TipRanks’ Stock Analysis page.