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MIRCELECTR Consensus Forecast

No. of reports in last year
0
No. of analysts
0
Average Consensus Forecast
Consensus Potential
0.00%

MIRCELECTR Price Target Potential

BrokerageTargetPotential

MIRCELECTR Targets in FrontPage Forums

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MIRCELECTR Ratings

Long term MIRCELECTR rating by FrontPage users
0/5 (0 Ratings)0

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

MIRCELECTR Share Price Target - Broker Reports - 2019

21-Feb-19
Price @ Call: 21.9
Target: 21
SELL
Post revision in earnings, MIRC is trading at 38.6x and 15.3x FY19E and FY20E earnings respectively. Given the recurrent weak earnings in recent quarters, the stock’s valuation has been derated sharply and is at a discount to peers in the consumer durables space. While we remain positive on the consumer durables demand growth story in India we believe increasing level of competition (entry of Chinese players) and cost pressures is likely to keep margins under pressure. However, we would prefer to await for the company to deliver better numbers on the earnings front. Hence, we move our rating two notch lower to “Sell” from “Accumulate” earlier. We also lower our valuation multiple on the stock to 15x FY20E (18x FY20 earnings earlier) and arrive at a price target of Rs 21 (Rs 32 earlier).
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MIRCELECTR Share Price Target - Broker Reports - 2018

18-Sep-18
Price @ Call: 28.15
Target: 32
BUY
17-Aug-18
Price @ Call: 28.85
Target: 32
ACCUMULATE
15-Feb-18
Price @ Call: 52.25
Target: 70
BUY
23-Jan-18
Price @ Call: 50.7
Target: 70
BUY
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  • MIRCELECTR Share Price Target Today- Technical Pivot Points (Classic)

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    Upside Target 37
    Upside Target 26.9
    Upside Target 16.7
    Pivot6.6
    Downside Target 16.4
    Downside Target 26.3
    Downside Target 36.1
  • MIRCELECTR Share Price Target weekly- Technical Pivot Points (Classic)

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    Upside Target 38.98
    Upside Target 28.22
    Upside Target 17.68
    Pivot6.92
    Downside Target 16.38
    Downside Target 25.62
    Downside Target 35.08
  • MIRCELECTR Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 36
    Upside Target 25.6
    Upside Target 15.2
    Pivot4.8
    Downside Target 14.4
    Downside Target 24
    Downside Target 33.6
  • MIRCELECTR Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 36.9
    Upside Target 26.79
    Upside Target 16.71
    Pivot6.6
    Downside Target 16.49
    Downside Target 26.41
    Downside Target 36.3
  • MIRCELECTR Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 38.22
    Upside Target 27.72
    Upside Target 17.41
    Pivot6.92
    Downside Target 16.42
    Downside Target 26.11
    Downside Target 35.62
  • MIRCELECTR Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 35.6
    Upside Target 25.29
    Upside Target 15.11
    Pivot4.8
    Downside Target 14.49
    Downside Target 24.31
    Downside Target 34
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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