Zacks Investment Research upgraded shares of Sumitomo Corp. (OTCMKTS:SSUMY) from a hold rating to a buy rating in a report published on Wednesday morning. Zacks Investment Research currently has $12.00 target price on the stock.
According to Zacks, “Sumitomo Corporation is engaged in multifaceted business activities. It operates as an integrated trading company worldwide. The Company sells a variety of domestic products and services, conducts import, export and trilateral business transactions. The Company also provides domestic and international business investment, and participates in numerous other activities in various industrial sectors around the world. Its business includes metal products, transportation & construction systems, infrastructure, media, network & lifestyle retail, mineral resources, energy, chemical & electronics, general products & real estate, new industry development & cross-function and corporate group. Sumitomo Corporation is headquartered in Tokyo, Japan. “
Shares of Sumitomo Corp. (OTCMKTS:SSUMY) opened at 11.065 on Wednesday. The stock’s 50 day moving average price is $10.91 and its 200-day moving average price is $10.39. Sumitomo Corp. has a 12 month low of $8.85 and a 12 month high of $11.33. The company has a market cap of $13.81 billion, a P/E ratio of 91.446 and a beta of 0.78.
Sumitomo Corp. Company Profile
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