Jefferies Keeps Their Buy Rating on Mitsubishi Electric (MIE1)

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mitsubishi Electric with a €37.75 average price target.

Based on Mitsubishi Electric’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of Yen1738737000 thousand and a net profit of Yen109.49 billion. In comparison, last year the company earned a revenue of Yen1521360000 thousand and had a net profit of Yen75.99 billion