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TATASTEEL Share Price Target
Tata Steel Ltd.
Sector: Iron and Steel
Sector: Iron and Steel
TATASTEEL Share Price *
338.65 +8.7 (2.64%)
* (quote may be delayed)
TATASTEEL Share Price Forecast - Consensus
| No. of reports in last year | 15 |
| No. of analysts | 6 |
| Average Consensus Forecast | 604.13 |
| Consensus Potential | 41.98% |
TATASTEEL Share Price Target - Broker Reports - 2019
ICICIdirect.com
23-Sep-19
Price @ Call: 377.61
Target: 450
BUY
Karvy Stock Broking
12-Aug-19
Price @ Call: 367.68
Target: 489
BUY
Tata Steel Limited has started the process of consolidating India operations. In Europe, the company is implementing a transformation plan which aims to reduceoperating costs, rationalize capex and working capital to increase overall cash flow. The company is expected to benefit from increased government spending and efforts of addressing liquidity crunch. The stock is currently trading at 362 of EV/EBITDA 5.0x of FY21EBITDA. We have valued the stock at 1SD and have arrived at downwardly revised TP of Rs. 489 retaining “BUY” rating on stock with potential upside of 35%. Key risks to valuation are further deepening of trade war and steeper slowdown in domestic economy.
Prabhudas Lilladher
8-Aug-19
Price @ Call: 381.8
Target: 350
REDUCE
Europe does the damage; De-rating to aggravate
Despite sharp increase in iron ore prices, steel prices softened by US$20-25/t in last couple of months. In spite of serious trade restrictions imposed on its imports by various countries, China acted in a disciplined manner with reduced export intensity and stable domestic demand. On the contrary, RoW (ex-China), the so called disciplined and earnings focused markets witnessed sharp contraction in demand and prices. This signifies structural downturn in steel sector on the backdrop of underlying weakness in RoW’s demandand peaked-out stimulus fed temporary acceleration in Chinese demand. Given the overleveraged B/S (Net debt/EBITDA of 4.5x) and weak earnings outlook, we reiterate Reduce with TP of Rs350, EV/EBITDA 5.5x FY21e.
Despite sharp increase in iron ore prices, steel prices softened by US$20-25/t in last couple of months. In spite of serious trade restrictions imposed on its imports by various countries, China acted in a disciplined manner with reduced export intensity and stable domestic demand. On the contrary, RoW (ex-China), the so called disciplined and earnings focused markets witnessed sharp contraction in demand and prices. This signifies structural downturn in steel sector on the backdrop of underlying weakness in RoW’s demandand peaked-out stimulus fed temporary acceleration in Chinese demand. Given the overleveraged B/S (Net debt/EBITDA of 4.5x) and weak earnings outlook, we reiterate Reduce with TP of Rs350, EV/EBITDA 5.5x FY21e.
Karvy Stock Broking
21-May-19
Price @ Call: 483.15
Target: 618
BUY
Tata Steel Limited and Thyssenkrupp AG of Germany had signed definitive agreements in June 2018 to combine their business in Europe to create a 50:50 joint venture company which could have become second largest steel company in the European continent. However, European Commission expressed concerns and objections on automotive steel and packaging steel. The managements of these companies went back to EC with remedies which were found not sufficient. Expecting the deal to be rejected by European Commission, the management of these two companies decided to call off their proposed joint venture on 10th May 2019. With this development, Tata Steel plan to deleverage and de-consolidate business will get adversely impacted. However, the recent growth in company steel production has been led by strong domestic demand ably supported by moderate recovery in European operations. We have valued the stock on EV/EBITDA 6.3x of FY21E EBITDA for the downwardly revised TP of Rs. 618 with potential upside of 28%.
ICICIdirect.com
30-Apr-19
Price @ Call: 548.92
Target: 635
BUY
Karvy Stock Broking
30-Apr-19
Price @ Call: 548.92
Target: 671
HOLD
Prabhudas Lilladher
26-Apr-19
Price @ Call: 510.1
Target: 685
BUY
Edelweiss
23-Apr-19
Price @ Call: 535.3
Target: 600
BUY
ICICIdirect.com
12-Apr-19
Price @ Call: 535.72
Target: 625
BUY
Investec Securities
11-Feb-19
Price @ Call: 469.55
Target: 739
BUY
Motilal Oswal
11-Feb-19
Price @ Call: 469.55
Target: 370
SELL
ICICIdirect.com
11-Feb-19
Price @ Call: 469.55
Target: 550
BUY
TATASTEEL Share Price Target - Broker Reports - 2018
Edelweiss
11-Dec-18
Price @ Call: 496.86
Target: 720
BUY
Edelweiss
30-Nov-18
Price @ Call: 530.78
Target: 720
BUY
Prabhudas Lilladher
14-Nov-18
Price @ Call: 589.15
Target: 840
BUY
Prabhudas Lilladher
4-Oct-18
Price @ Call: 581.25
Target: 780
BUY
Centrum
24-Sep-18
Price @ Call: 611.09
Target: 800
BUY
ICICIdirect.com
17-Aug-18
Price @ Call: 568.1
Target: 675
BUY
Investec Securities
14-Aug-18
Price @ Call: 569.2
Target: 730
BUY
Prabhudas Lilladher
14-Aug-18
Price @ Call: 569.2
Target: 770
BUY
Motilal Oswal
14-Aug-18
Price @ Call: 574.12
Target: 632
NEUTRAL
JM Financial
14-Aug-18
Price @ Call: 574.12
Target: 745
BUY
ICICIdirect.com
3-Jul-18
Price @ Call: 560.95
Target: 700
BUY
Prabhudas Lilladher
2-Jul-18
Price @ Call: 567.85
Target: 815
BUY
Edelweiss
2-Jul-18
Price @ Call: 567.85
Target: 903
BUY
Kotak Securities
12-Jun-18
Price @ Call: 588.75
Target: 710
BUY
Prabhudas Lilladher
17-May-18
Price @ Call: 622.05
Target: 830
BUY
Motilal Oswal
17-May-18
Price @ Call: 622.05
Target: 705
BUY
Edelweiss
17-May-18
Price @ Call: 622.05
Target: 903
BUY
Motilal Oswal
22-Feb-18
Price @ Call: 640.55
Target: 778
BUY
Edelweiss
19-Feb-18
Price @ Call: 688.3
Target: 985
BUY
Investec Securities
19-Feb-18
Price @ Call: 688.3
Target: 895
BUY
Axis Direct
16-Feb-18
Price @ Call: 695.75
Target: 885
BUY
Prabhudas Lilladher
9-Feb-18
Price @ Call: 681.41
Target: 835
BUY
Motilal Oswal
9-Feb-18
Price @ Call: 681.41
Target: 778
NEUTRAL
TATASTEEL Share Price Target - Broker Reports - 2017
ICICIdirect.com
20-Dec-17
Price @ Call: 702.73
Target: 785
BUY
Prabhudas Lilladher
14-Dec-17
Price @ Call: 682.1
Target: 750
BUY
JM Financial
13-Nov-17
Price @ Call: 691.75
Target: 750
BUY
Axis Direct
6-Nov-17
Price @ Call: 708.9
Target: 795
BUY
HDFC Securities
3-Nov-17
Price @ Call: 709.18
Target: 818
BUY
Edelweiss
31-Oct-17
Price @ Call: 718.8
Target: 950
BUY
Axis Direct
17-Oct-17
Price @ Call: 715.4
Target: 765
BUY
Edelweiss
10-Oct-17
Price @ Call: 697.15
Target: 720
BUY
Axis Direct
6-Oct-17
Price @ Call: 660.2
Target: 765
BUY
Centrum
26-Sep-17
Price @ Call: 640.15
Target: 705
HOLD
Prabhudas Lilladher
21-Sep-17
Price @ Call: 687.65
Target: 750
BUY
Edelweiss
21-Sep-17
Price @ Call: 687.65
Target: 720
BUY
Phillip Capital
21-Sep-17
Price @ Call: 687.65
Target: 900
ADD
Axis Direct
21-Sep-17
Price @ Call: 687.65
Target: 765
BUY
HDFC Securities
21-Sep-17
Price @ Call: 687.65
Target: 818
BUY
Edelweiss
12-Sep-17
Price @ Call: 661.3
Target: 720
BUY
Axis Direct
14-Aug-17
Price @ Call: 596.15
Target: 690
BUY
HDFC Securities
11-Aug-17
Price @ Call: 596.15
Target: 687
BUY
ICICIdirect.com
8-Aug-17
Price @ Call: 600
Target: 700
BUY
Axis Direct
8-Aug-17
Price @ Call: 600
Target: 690
BUY
Edelweiss
7-Aug-17
Price @ Call: 600
Target: 720
BUY
Motilal Oswal
19-Jul-17
Price @ Call: 571
Target: 583
NEUTRAL
Motilal Oswal
20-Jun-17
Price @ Call: 522.93
Target: 451
SELL
ICICIdirect.com
18-May-17
Price @ Call: 484
Target: 550
BUY
Edelweiss
14-Feb-17
Price @ Call: 472
Target: 637
BUY
ICICIdirect.com
8-Feb-17
Price @ Call: 475
Target: 500
HOLD
Centrum
7-Feb-17
Price @ Call: 473
Target: 410
SELL
TATASTEEL Share Price Target - Broker Reports - 2016
Edelweiss
16-Nov-16
Price @ Call: 393
Target: 308
REDUCE
Religare
15-Nov-16
Price @ Call: 395
Target: 350
SELL
Centrum
14-Nov-16
Price @ Call: 426.5
Target: 340
SELL
Religare
14-Sep-16
Price @ Call: 373.6
Target: 325
SELL
Edelweiss
14-Sep-16
Price @ Call: 374
Target: 294
REDUCE
Motilal Oswal
13-Sep-16
Price @ Call: 374
Target: 241
SELL
Arihant Capital Markets
27-May-16
Price @ Call: 325
Target: 298
SELL
ICICIdirect.com
26-May-16
Price @ Call: 322
Target: 335
HOLD
Edelweiss
26-May-16
Price @ Call: 325
Target: 294
SELL
Edelweiss
11-Apr-16
Price @ Call: 331
Target: 301
REDUCE