2 ADANIGAS share price target reports by brokerages below. See what is analyst's view on ADANIGAS 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.
AGL has the potential to emerge as one of the key players over the long term in the CGD business in India. With newly acquired GAs, the company, along with its JV partner, covers 8% of India’s population. This will drive volume growth on a sustainable basis. However, higher front loaded capex to set up a huge infrastructure network would limit profitability growth to 8.7% CAGR in FY19-21E due to higher depreciation and interest expenses in our opinion. Hence, we have a HOLD rating on the stock with a target price of Rs 140/share.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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