1 ACE share price target reports by brokerages below. See what is analyst's view on ACE share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.