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BIOCON Share Price Target

Biocon Ltd.
Sector: Pharmaceuticals and health care
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BIOCON Share Price *
230.4 -2.25 (-0.97%)
* (quote may be delayed)
BIOCON Share Price Forecast - Consensus
No. of reports in last year
12
No. of analysts
6
Average Consensus Forecast
317.58
Consensus Potential
24.15%

BIOCON Share Price Target - Broker Reports - 2019

AnandRathi
2-Aug-19
Price @ Call: 224.64
Target: 321
BUY
We continue to expect company to get benefits of first wave of Biosimilar commercialisation in the next two years which should drive higher revenues and margins. We have updated our financials reflecting latest quarterly numbers and continue to remain positive on the stock and maintain our BUY rating with a revised target price of ₹321 per share.
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Axis Direct
2-Aug-19
Price @ Call: 224.64
Target: 300
BUY
Valuation: We like Biocon for its long term earnings visibility, strong traction in biologics segment, healthy launch pipeline of biosimilar coupled with increasing market penetration of the existing products. In our view, Biocon is well placed to play the first mover advantage in evolving biosimilar market. Maintain BUY. We have revised our target price to Rs300 (Rs320 earlier) based on SoTP valuation. We expect robust earnings growth of ~30% EPS CAGR over FY19-21E. At CMP, the stock is trading at a PE of 32x/23x on FY20/FY21 earnings.
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Nirmal Bang
29-Jul-19
Price @ Call: 241.6
Target: 257
ACCUMULATE
We have made minor changes to our estimates for Biocon based on 1QFY20 numbers/commentary. Biocon’s revenue and net profit growth should remain on positive trajectory in the near to medium term. The new launches should add to the topline, but existing high value launches (Fulphila) would be prone to price erosion as new competition enters market. We see challenges for biosimilar players including Biocon in gaining share in Trastuzumab. In view of the recent ~25% correction in the stock price we upgrade Biocon from Sell to Accumulate with a target price (TP) of Rs257 (adjusted for bonus issue), based on 22x FY21E earnings.
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ICICIdirect.com
26-Jul-19
Price @ Call: 244.21
Target: 330
BUY
Like FY19, FY20 is also expected to be driven by growth segments i.e. 1) biologics mainly on the back of new launches across developed markets and geographical expansion in emerging markets and 2) Syngene on the back ofpersistent clients’ addition. With better visibility, the company has optically accelerated the scalability capex and R&D, which is likely to push related expenses higher in the near term. Biosimilar launches in developed as well as emerging markets and Syngene’s performances remain key levers for the company. On an SoTP basis, we ascribe a target price of Rs 330/share.
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ICICIdirect.com
13-Jun-19
Price @ Call: 258.15
Target: 330
BUY
We remain positive on the stock on the back of strong prospects in both biologics and services (Syngene) segments. We believe the correction in the stock is overdone and the stock offers a compelling bet at the current level. We maintain our BUY recommendation on the stock. Our revised target price of Rs 330 is based on the SOTP methodology.
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ICICIdirect.com
26-Apr-19
Price @ Call: 310.5
Target: 365
BUY

Nirmal Bang
2-Feb-19
Price @ Call: 330.15
Target: 234
SELL

Motilal Oswal
28-Jan-19
Price @ Call: 331.55
Target: 342.5
NEUTRAL

ICICIdirect.com
28-Jan-19
Price @ Call: 331.55
Target: 380
BUY

BIOCON Share Price Target - Broker Reports - 2018

Edelweiss
19-Dec-18
Price @ Call: 320.33
Target: 215
REDUCE

AnandRathi
17-Dec-18
Price @ Call: 323.18
Target: 411.5
BUY

Motilal Oswal
27-Oct-18
Price @ Call: 311.03
Target: 325
NEUTRAL

Motilal Oswal
28-Jul-18
Price @ Call: 298.96
Target: 312.5
NEUTRAL

ICICIdirect.com
27-Jul-18
Price @ Call: 298.96
Target: 370
BUY

ICICIdirect.com
29-Jan-18
Price @ Call: 607.3
Target: 680
BUY

BIOCON Share Price Target - Broker Reports - 2017

ICICIdirect.com
4-Dec-17
Price @ Call: 446.55
Target: 560
BUY

Axis Direct
3-Nov-17
Price @ Call: 403.19
Target: 410
BUY

Axis Direct
24-Aug-17
Price @ Call: 330.15
Target: 380
BUY

Axis Direct
2-Aug-17
Price @ Call: 383.27
Target: 450
BUY

Motilal Oswal
28-Jul-17
Price @ Call: 390
Target: 330
SELL

Enochventures.com
27-Jul-17
Price @ Call: 399
Target: 450
HOLD

Motilal Oswal
28-Apr-17
Price @ Call: 368.33
Target: 300
SELL

ICICIdirect.com
27-Jan-17
Price @ Call: 341.23
Target: 373.33
BUY

Motilal Oswal
25-Jan-17
Price @ Call: 331.83
Target: 250
SELL

BIOCON Share Price Target - Broker Reports - 2016

ICICIdirect.com
24-Oct-16
Price @ Call: 335.33
Target: 343.33
HOLD

Dolat Capital
21-Oct-16
Price @ Call: 335.33
Target: 400
BUY

Centrum
21-Oct-16
Price @ Call: 326.67
Target: 260
SELL

ICICIdirect.com
26-Aug-16
Price @ Call: 288.67
Target: 343.33
BUY

Dynamic Levels
11-May-16
Price @ Call: 203.45
Target: 250
BUY

Axis Direct
28-Apr-16
Price @ Call: 190.33
Target: 226.67
BUY

  • BIOCON - Share Price Target Potential

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    BrokerageTargetPotential
    AnandRathi32127.52%
    Axis Direct30022.45%
    Nirmal Bang2579.47%
    ICICIdirect.com33029.50%
    Motilal Oswal342.532.07%