0 RICOAUTO share price target reports by brokerages below. See what is analyst's view on RICOAUTO 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.
Sharply cut estimates; retain Hold: RAI’s Q4FY2019 results significantly missedestimates. Weak OEM demand and pricing pressures from OEM would impact earnings. We have cut our earnings estimates for FY2020 by ~20% to factor in the same. We have also introduced FY2021 earnings estimates in this note and roll over our multiple on FY2021 earnings. We retain Hold rating on the stock with revised PT of Rs 70.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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