1 DREDGECORP share price target reports by brokerages below. See what is analyst's view on DREDGECORP 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.
The port capacity expansion plan of the government is expected to provide a trigger to capture the huge growth opportunity presented by the planned projects. Also the new promoters (PSU ports) can aid in upgrading/ investing in existing fleet and acquisition of new fleet/equipment with enhanced order flow from the parent PSU ports. At the current market price, DCI is trading at ~15x FY21E EPS of | 23.7 and 0.6x FY21E P/BV (book value). However, as concerns remain related to execution of ongoing projects and scaling up of the operations of the company by the consortium of the ports, we maintain HOLD on the stock, valuing it at | 360 (15x FY21E EPS).
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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