Stock market today: S&P 500 closes at fresh record ahead of Nvidia earnings
Investing.com - JPMorgan raised its price target on Seibu Holdings Inc (TYO:9024) (OTC:SEIBF) to JPY5,100 from JPY3,800 while maintaining a Neutral rating on the stock.
The research firm extended its price target time horizon from December 2025 to December 2026 as the focus for the stock shifts from fundamentals to valuation methodology.
JPMorgan calculated the theoretical price-to-book ratio using its return on equity forecast for fiscal year 2027, when Seibu is expected to accelerate its real estate sales activities.
Based on this analysis, JPMorgan believes the current share price of Seibu Holdings is approximately at fair value, despite uncertainties about which properties will be sold and at what prices in FY2027.
The firm noted that while gains on property sales are one-off and non-recurring, potential inclusion in the MSCI Index could keep share price conditions favorable for Seibu Holdings in the near term.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.