Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Rengo Co ( (JP:3941) ) has issued an update.
Rengo Co., Ltd. has agreed to the expropriation of part of its Shonan Plant site by Kanagawa Prefecture for the construction of an urban planning road, resulting in compensation of approximately ¥14.8 billion. The company plans to relocate the affected operations to a new plant in Fujisawa City, ensuring continued supply of its corrugated board products. The financial impact of this transaction on the company’s fiscal results is under review, with further announcements to be made if significant effects are identified.
The most recent analyst rating on (JP:3941) stock is a Buy with a Yen900.00 price target. To see the full list of analyst forecasts on Rengo Co stock, see the JP:3941 Stock Forecast page.
More about Rengo Co
Rengo Co., Ltd. operates in the industrial sector, primarily focusing on the production and supply of corrugated board products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its commitment to maintaining its role as a key supplier in the packaging industry.
Average Trading Volume: 1,090,016
Current Market Cap: Yen230B
See more insights into 3941 stock on TipRanks’ Stock Analysis page.