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ACE Share Price Target

Action Construction Equipment Ltd.
Sector: Engineering
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ACE Share Price *
66.75 +0.55 (0.83%)
* (quote may be delayed)
ACE Share Price Forecast - Consensus
No. of reports in last year
2
No. of analysts
1
Average Consensus Forecast
95.00
Consensus Potential
29.54%

ACE Share Price Target - Broker Reports - 2019

ICICIdirect.com
7-Aug-19
Price @ Call: 67.87
Target: 85
BUY
At present, ACE trades at 6.5x FY21E EV/EVITDA (historically, lower end of the valuation band), with most of the near term uncertainty priced in the stock. This has translated to a favourable risk reward scenario for the company. ACE, market leader in the ‘pick & carry’ cranes (>60% market share) with a healthy balance sheet, lean working capital, new product launches with a higher realisation & margin profile is poised to benefit from a pickup in infrastructure and industrial segment. On the whole, we estimate revenue, EBITDA and PAT to grow 1.1%, 7.9% and 9.5% CAGR in FY19-21E. We upgrade the stock to BUY recommendation with a target price of | 85 at 8x FY21E EV/EBITDA.
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ICICIdirect.com
14-Feb-19
Price @ Call: 78.9
Target: 105
BUY

ACE Share Price Target - Broker Reports - 2018

Joindre Capital Services
30-Aug-18
Price @ Call: 133.75
Target: 213
BUY

ICICIdirect.com
7-Aug-18
Price @ Call: 149.6
Target: 200
BUY

ACE Share Price Target - Broker Reports - 2017

ICICIdirect.com
20-Nov-17
Price @ Call: 111.35
Target: 160
BUY

LKP Securities Limited
9-Jun-17
Price @ Call: 64
Target: 81
BUY

  • ACE - Share Price Target Potential

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    BrokerageTargetPotential
    ICICIdirect.com8522.12%