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Jan 24, 2013, 09.44 AM IST | Source: Reuters

UBS cuts Tata Motors FY 2013, 2014 forecasts

UBS cut Tata Motors' fiscal 2013 and 2014 earnings-per-share estimates by 6 percent after the automaker warned its luxury unit Jaguar Land Rover is likely to report a lower EBITDA margin in the October-December quarter.

UBS cuts Tata Motors FY 2013, 2014 forecasts

UBS cut Tata Motors ' fiscal 2013 and 2014 earnings-per-share estimates by 6 percent after the automaker warned its luxury unit Jaguar Land Rover is likely to report a lower EBITDA margin in the October-December quarter.

UBS maintained its "sell" rating after the Tata announcement on Wednesday, citing "expensive" valuations, although the investment bank raised its price target to Rs 255 from Rs 250 as it rolls forward the target by six months.

Tata Motors stock price

On July 30, 2014, Tata Motors closed at Rs 451.35, down Rs 1.8, or 0.4 percent. The 52-week high of the share was Rs 488.05 and the 52-week low was Rs 272.50.


The company's trailing 12-month (TTM) EPS was at Rs 1.04 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 433.99. The latest book value of the company is Rs 59.58 per share. At current value, the price-to-book value of the company is 7.58.

READ MORE ON  Tata Motors, Jaguar Land Rover, JLR, UBS
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