BUZZ-Japan's Ito En tumbles after co cuts net profit forecast

By Kitco News / March 01, 2018 / www.kitco.com / Article Link

** Ito En dives 10 pct to 4,020 yen, its lowestsince mid November** Co cuts net profit outlook by 10 pct to 12.35 bln yenfrom 14 bln yen for FY ending April 2018 ** As of 00:27 GMT, about 386.50 thousand shares of theTokyo-to-based company have been traded, about 198.9 percent oftheir 30-day moving average of 194.28 thousand shares a day.** Among the 3 analysts that cover Ito En Ltd, the currentaverage rating on the shares is "sell"; the breakdown ofrecommendations is "strong buy" or "buy", one "hold", two"sell" or "strong sell". The analyst mean price target is 3,945yen.** The forward price-to-earnings ratio for Ito En Ltd forthe next 12 months is34.47, about 0.68 percent higher than itwas at the end of last year ( 34.24) (ReutersMessaging:ayai.tomisawa.thomsonreuters.com@reuters.net) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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