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RAYMOND Share Price Target

Raymond Ltd.
Sector: Textiles
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RAYMOND Share Price *
570.5 -3.05 (-0.53%)
* (quote may be delayed)
RAYMOND Share Price Forecast - Consensus
No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
637.00
Consensus Potential
9.96%

RAYMOND Share Price Target - Broker Reports - 2019

Karvy Stock Broking
21-Aug-19
Price @ Call: 577.32
Target: 637
HOLD
Management continues to be committed on profitable growth but the macro factorsweighing down the industry is slowing down the growth. The credit crunch and the lower consumer demand have resulted in valuation downgrades for the midcap consumer discretionary companies. The stock currently trades at a P/E of 16x on FY21E EPS and we value it at a P/E of 17x on FY21E earnings arriving at a target price of Rs. 637. We expect valuation upgrades as more clarity emerges regardingthe hiving off of non core assets. Further increase in raw material prices and lowergrowth in demand across trade channels could add further risk to our call.
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RAYMOND Share Price Target - Broker Reports - 2018

AnandRathi
3-Aug-18
Price @ Call: 793.35
Target: 1192
BUY
Valuation. We upgrade our rating to a Buy with a target price of `1,192 (earlier `1,280) on 12x FY20e EV/EBITDA. The recent fall in the stock price has stepped up the potential to 49% (without considering the land value, our target price comes to `1,002, offering 25% potential from the ruling price), Hence, despite our downward EBITDA revision, we upgrade our rating. Risks: Great concentration on men’s formal wear, rising input costs.
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Ventura
9-Apr-18
Price @ Call: 1025.17
Target: 1535
BUY
We initiate a BUY with an SOTP price objective of Rs. 1,535 which represents an upside of 49% from the CMP of Rs. 1030 over a period of 18 months.
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  • RAYMOND - Share Price Target Potential

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    BrokerageTargetPotential
    Karvy Stock Broking6379.96%