Oct 06, 2017 11:22 AM IST | Source: Moneycontrol.com
Jefferies tags United Spirits with hold rating, expects PAT CAGR of 33% over FY17-20
Jefferies has also forcasted a 33 percent CAGR growth in net profit for United Spirits over FY17-20 with EBITDA margins likely to expand by 350 basis points in the same period.
Moneycontrol News
Global research firm Jefferies has come out with a coverage on liquor major United Spirits with a hold rating on the stock and a price target of Rs 2,500.
The research firm expects revenue to grow at compound annual growth rate (CAGR) of 9 percent with earnings before interest, tax, depreciation and amortization (EBITDA) likely to grow at CAGR of 19 percent over FY 17-20.
Jefferies has also forcasted a 33 percent CAGR growth in net profit for United Spirits over FY17-20 with EBITDA margins likely to expand by 350 basis points in the same period.
The research firm believes that divestment of non-core assets of United Spirits is likely to reduce debt.
At 11:17 hrs United Spirits was quoting at Rs 2,387.90, down Rs 10.60, or 0.44 percent. It has touched an intraday high of Rs 2,410.00 and an intraday low of Rs 2,380.00.
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