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CESC Consensus Forecast

No. of reports in last year
5
No. of analysts
2
Average Consensus Forecast
628.2
Consensus Potential
59.68%

CESC Price Target Potential

BrokerageTargetPotential
Sharekhan10511.86%
HDFC Securities10915.09%

CESC Ratings

Long term CESC rating by FrontPage users
4.6/5 (5 Ratings)

5 CESC share price target reports by brokerages below. See what is analyst's view on CESC 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.
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CESC Share Price Target

CESC Share Price Target - Broker Reports - 2022

13-Jan-22
Price @ Call: 92
Target: 105
BUY

CESC Share Price Target - Broker Reports - 2021

12-Nov-21
Price @ Call: 91
Target: 109
BUY
12-Aug-21
Price @ Call: 756
Target: 1011
BUY
12-Aug-21
Price @ Call: 756
Target: 905
BUY
18-Jun-21
Price @ Call: 764.25
Target: 1011
BUY
13-Jan-21
Price @ Call: 673.19
Target: 873
BUY
14-Jan-21
Price @ Call: 673.19
Target: 727
HOLD

CESC Share Price Target - Broker Reports - 2019

14-Nov-19
Price @ Call: 759.31
Target: 957
BUY
Dhariwal has signed a PPA with Maharashtra for 170MW supply of power from Nov’19 for a one-year period. We expect performance of DFs to also improve as it gains better understanding of the circles and leverages its experience in Kolkata. CESC’s existing distribution business is high RoE and is delivering steady growth. Generation assets are generating healthy FCF. Untied generation capacity and scale-up of DFs have a potential to boost earnings. The stock trades attractively at ~8x FY21E P/E even as visibility of earnings at Dhariwal and DFs improve, and factoring in the tightening of norms at Haldia and S/A. We roll forward and value the stock at 10x 1-year forward P/E at INR957/share. Maintain Buy.
... Read more
20-Sep-19
Price @ Call: 831.28
Target: 950
BUY
CESC’s continuous upgradation of its distribution infrastructure helps it to maintain and enhance the quality and reliability of supply as well as to reduce downtime, overloads and management of distribution loses. The Company is also executing special projects to upgrade its distribution network and enhance itscapacity. CESC’s expansion plans through acquisition would boost up the earnings. At the CMP of Rs. 802.05, the stock trades at ~8 times FY21 EPS of Rs. 95. Hence, we recommend a BUY on the stock with a Target Price of Rs. 950 with an upside potential of ~18% from the current level with an investment horizon of 9-12 months.
... Read more
16-Aug-19
Price @ Call: 796.44
Target: 845
HOLD
The company has relatively remained immune to the woes of the power sector in the last five to six years given it did not aggressively expanded generation capacities, the same is reflected in the stock price action. The stock is trading at 8.5x FY21E, which is reasonable given it does not have significant growth plans barring its attempt to scale up the distribution business which will take time to show meaningful gains. Given lack of significant growth triggers, we continue to value the stock at 9x DFY21E EPS and maintain our target of Rs 845/share and rate the stock as HOLD.
... Read more
21-Aug-19
Price @ Call: 776.95
Target: 905
BUY
Maintain Buy with unchanged SoTP-based PT of Rs.905:
We have marginally lowered our FY2020 earnings estimates to factor higher other expenses, depreciation and interest costs while maintaining our FY2021 earnings estimates. We expect a gradual re-rating for CESC given: 1) steady earnings contribution from the standalone business and 2) turnaround of Dhariwal Infrastructure and 3) moderation of losses at the Rajasthan distribution franchisee (led by lower T&D losses). Hence, we maintain our Buy rating on CESC with unchanged SoTP-based price target of Rs. 905. At current market price, the stock is trading at an attractive valuation of 9.1x FY2021E EPS and 0.9x FY2021E book value on a standalone basis.
... Read more
14-Aug-19
Price @ Call: 759.48
Target: 880
BUY
CESC’s rich experience in the distribution space along with healthy FCF generationfrom regulated business positions it well to expand the DF business. T&D loss reduction in Kota and Malegaon circles will be key to watch for. Further, Dhariwal PPA tie up for the balance open capacity remains another key monitorable. The stock is trading at FY20/21E P/B of 1.0/0.9x at the consolidated level. We maintain ‘BUY’ with TP of INR880.
... Read more
1-Jul-19
Price @ Call: 789.43
Target: 905
BUY
Valuation - Maintain Buy with revised SoTP-based PT of Rs. 905: We see scope for gradual re-rating in CESC led by steady earnings contribution from the standalone business, turnaround of Dhariwal Infrastructure (improved PLF of 61.4% in FY2019 versus 45% in FY2018) and a reduction in losses at the Rajasthan distribution franchisee (led by lower T&D loss). We, thus maintain our Buy rating on CESC with a revised SoTP-based price target of Rs. 905 (increased on account of higher valuation multiple for Dhariwal Infrastructure and DF given reducing losses). At CMP, the stock is trading at reasonable valuation of 9x FY2021E earnings per share (EPS) and 0.9 times on FY2021E book value on standalone basis.
... Read more
22-May-19
Price @ Call: 718.75
Target: 860
BUY
Considering the ongoing peak summer season coupled with the general elections in India, we believe that the power demand across the country is expected to remain robust. Based on the standalone performance reported during FY2019, wehave fine tuned our numbers for FY2020 andintroduce FY2021E numbers. Subdued power demand off-take coupled with delay in tie-up of the remaining capacity at Chandrapur might have a bearing on the company’s performance. However we remain positive on the stock and maintain our Buy rating with revised PT of Rs 860.
... Read more
20-May-19
Price @ Call: 714.01
Target: 841
BUY
Generation assets are creating healthy FCF. Untied generation capacity and scale-up of DFs have the potential to boost earnings. Dividend payout has increased ~1.5x to INR17.5/share in FY19 on strong FCF generation. We have raised consol. PAT est. by 5%/2% for FY20/21E on lower losses at DFs. The stock trades attractively at ~8x/7x FY20/21E P/E even as visibility of earnings at Dhariwal and DFs improve. Our estimates are building in tightening of norms at Haldia and S/A. We value the stock at 10x FY20E P/E at INR841/share. Re-iterate Buy.
... Read more
20-May-19
Price @ Call: 661.3
Target: 845
BUY
The stock is currently trading at inexpensive valuations of 8x and 7.6x P/E on FY20E and FY21E EPS. We believe that in the medium term the current valuations will sustain given the cash flow generation will be used to reward shareholders as the company increased the payout ratio in FY19 as other cash flow guzzlers have already been demerged. A further scale up of distribution business and reduced losses at Chandrapur can rerate the stock. We maintain our BUY rating with a target price of Rs 845 per share.
... Read more
5-Apr-19
Price @ Call: 732.34
Target: 900
BUY
7-Feb-19
Price @ Call: 726.85
Target: 800
BUY
6-Feb-19
Price @ Call: 685
Target: 800
BUY

CESC Share Price Target - Broker Reports - 2018

28-Dec-18
Price @ Call: 678.11
Target: 801
BUY
16-Oct-18
Price @ Call: 903.95
Target: 1130
BUY
12-Oct-18
Price @ Call: 901.93
Target: 1077
BUY
21-Aug-18
Price @ Call: 938.1
Target: 1110
BUY
27-Jul-18
Price @ Call: 934.4
Target: 1231
BUY
27-Jul-18
Price @ Call: 934.4
Target: 1130
BUY
27-Jul-18
Price @ Call: 912.6
Target: 1292
BUY
25-May-18
Price @ Call: 1013.31
Target: 1165
BUY
25-May-18
Price @ Call: 1013.31
Target: 1231
BUY
24-May-18
Price @ Call: 1008.75
Target: 1407
BUY
4-May-18
Price @ Call: 1033.25
Target: 1440
BUY
2-Apr-18
Price @ Call: 960.65
Target: 1270
BUY
8-Feb-18
Price @ Call: 993.86
Target: 1408
BUY

CESC Share Price Target - Broker Reports - 2017

22-Nov-17
Price @ Call: 1016.35
Target: 1360
BUY
13-Nov-17
Price @ Call: 1016
Target: 1160
BUY
9-Nov-17
Price @ Call: 988.05
Target: 1360
BUY
8-Sep-17
Price @ Call: 1048.5
Target: 1211
BUY
5-Sep-17
Price @ Call: 1037.35
Target: 1270
BUY
4-Sep-17
Price @ Call: 1036.5
Target: 1238
BUY
3-Sep-17
Price @ Call: 1041.71
Target: 1165
BUY
14-Aug-17
Price @ Call: 920
Target: 1100
BUY
22-May-17
Price @ Call: 884
Target: 910
BUY
22-May-17
Price @ Call: 878
Target: 1069
BUY
19-May-17
Price @ Call: 849.25
Target: 890
ADD
10-Feb-17
Price @ Call: 841
Target: 970
BUY
15-Feb-17
Price @ Call: 847
Target: 935
BUY
13-Feb-17
Price @ Call: 855
Target: 900
BUY

CESC Share Price Target - Broker Reports - 2016

24-May-16
Price @ Call: 561
Target: 623
BUY
30-Dec-16
Price @ Call: 637.1
Target: 750
BUY
14-Dec-16
Price @ Call: 629
Target: 675
HOLD
12-Dec-16
Price @ Call: 623
Target: 721
BUY
20-Sep-16
Price @ Call: 640.95
Target: 660
HOLD
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  • CESC Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 395.67
    Upside Target 295.08
    Upside Target 194.12
    Pivot93.53
    Downside Target 192.57
    Downside Target 291.98
    Downside Target 391.02
  • CESC Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 398.47
    Upside Target 296.18
    Upside Target 194.37
    Pivot92.08
    Downside Target 190.27
    Downside Target 287.98
    Downside Target 386.17
  • CESC Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3102.52
    Upside Target 296.73
    Upside Target 192.12
    Pivot86.33
    Downside Target 181.72
    Downside Target 275.93
    Downside Target 371.32
  • CESC Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 395.08
    Upside Target 294.49
    Upside Target 194.13
    Pivot93.53
    Downside Target 192.94
    Downside Target 292.58
    Downside Target 391.98
  • CESC Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 396.18
    Upside Target 294.62
    Upside Target 193.65
    Pivot92.08
    Downside Target 190.52
    Downside Target 289.55
    Downside Target 387.98
  • CESC Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 396.73
    Upside Target 292.76
    Upside Target 190.31
    Pivot86.33
    Downside Target 182.36
    Downside Target 279.91
    Downside Target 375.93
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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