Report
EUR 13.72 For Business Accounts Only

HITACHI METALS is slightly downgraded to Slightly Positive due to an increasingly adverse environment

The independent financial analyst theScreener just slightly lowered the general evaluation of HITACHI METALS (JP), active in the Steel industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date December 28, 2021, the closing price was JPY 2,130.00 and its potential was estimated at JPY 2,323.67.
Underlying
Hitachi Metals Ltd.

Hitachi Metals is engaged in the manufacture and sale of high-grade metal products and materials, magnetic, high-grade functional components, wires, cables, and related products. High-Grade Metal Products and Materials segment provides high-grade specialty steel products, rolls for steel mills, amorphous metals and cutting tools. Magnetic Materials segment provides magnets, ferrite magnets, and ceramic components. High-Grade Functional Components segment offers casting components for automobiles, aluminium wheels, exhaust filter, and piping and infrastructure components. Cable Materials segment offers electric wires and cables, wiring devices, and fiber optic and telecommunication cables.

Provider
TheScreener
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