Motilal Oswal is bullish on United Breweries has recommended buy rating on the stock with a target price of Rs 1044 in its research report dated February 09, 2017.
Motilal Oswal's research report on United Breweries
Long-term volumes/earnings growth opportunities (FY16 PAT at USD45m) are immense for India’s largest beer player with strong barriers to entry in the form of distribution, brewery reach, scale and brands. Maintain Buy with TP of INR 1,044. We continue to value UBBL on 35x Dec-18 cash EPS.
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