Shares of Sumitomo Corp. (OTCMKTS:SSUMY – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $30.00 and last traded at $29.98, with a volume of 1737 shares traded. Analysts Set New Price TargetsSeparately, Nomura Securities raised Sumitomo to a “strong-buy” rating in a research report on Wednesday, May 28th. Sumitomo (OTCMKTS:SSUMY – Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. As a group, research analysts forecast that Sumitomo Corp. will post 2.82 EPS for the current year.