Toyota Motor Corporation (NYSE:TM) has reached a property partnership with Investec in South Africa.
Toyota Motor Company (NYSE:TM) stocks were at 85.18 at the end of the last day’s trading. There’s been a 20.2% change in the stock price over the past 3 months.
Toyota Motor Corporation (NYSE:TM) Investec Deal
According to an official statement from Investec Property Limited, the Investec Bank’s property arm, Toyota Motor Corporation (NYSE:TM) has partnered with them on acquiring and developing the 363 million rand parts distribution centre of the automobile manufacturer.
David Rosmarin, an Investec Property representative, said that, “Site selection was critical due to location, size and accessibility. It has been a lengthy process and we believe that the right site has been selected to accommodate Toyota’s current and future warehousing requirements.”
If you’re looking to make a move on the Toyota Motor Company (NYSE:TM) stocks, make sure you take a look at this analyst advice, from a broad range of industry specialists:
Consensus Opinion: Moderate Buy
Mean recommendation: 2
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.33
Zack’s Rank: 5 out of 9 in the industry
We will continue checking the Toyota Motor Company (NYSE:TM) stock level for developments over the next few weeks.
