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TODA CORPORATION shares rise as major domestic brokerage raises target price to 1,900 yen on favorable construction market

Thu May 28, 2026 1:28 pm JST Catalyst

Shares of TODA CORPORATION <1860> rose after SMBC Nikko Securities raised its target price for the stock to 1,900 yen from 1,850 yen on May 27. The brokerage maintained its top investment rating of "1" on its three-tier scale. SMBC Nikko expects the mid-tier general contractor to benefit from robust demand and improved profitability in the domestic construction market, mirroring major peers. The brokerage believes the company is increasingly likely to achieve its medium-term target of 43.5 billion yen in consolidated operating profit for the fiscal year ending March 2028, and anticipates share buybacks driven by a 70% total return ratio and a reduction in cross-shareholdings.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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