Stock of the week: “Honda Giken Kogyo KK”
29.08.2022.
Stock of the week: “Honda Giken Kogyo KK”
This week, we consider Honda as “our stock of the week”.
Honda is a Tokyo-based manufacturer of cars, motorcycles and power equipment. It is the largest manufacturer of motorcycles and is in the top ten automotive producers. Recently Honda joined LG in an agreement to build battery production in the US, investing 4.4 billion dollars in the project.
Financial social media sentiment is exceptionally positive, much higher than that of the index and the sector, with an “Extreme” attention buzz.
Analysts' consensus rating is "buy" - out of the 23 bank analysts covering the company, 15 recommend buying the stock and 8 suggest holding.
The upside potential of the stock price expected by the analysts on average over the next 6-12 months is currently 11.7% (reference close of business 29/08/2022)
