• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Recommendations

Feb 16, 2017, 05.28 PM | Source: Moneycontrol.com

Buy GSK Consumer; target of Rs 6102: ICICI Direct

ICICI Direct is bullish on GSK Consumer has recommended buy rating on the stock with a target price of Rs 6102 in its research report dated February 14, 2017.

Like this story, share it with millions of investors on M3

Buy GSK Consumer; target of Rs 6102: ICICI Direct

ICICI Direct is bullish on GSK Consumer has recommended buy rating on the stock with a target price of Rs 6102 in its research report dated February 14, 2017.

Post Your Comments

Share Cancel

| 1 Comments

(more)

, ICICIdirect.com |


ICICI Direct's research report on GSK Consumer

GSK Consumer reported a weak performance for the quarter impacted by the decline in consumption offtake and reduction in trade & distributors inventory pipeline as a result of demonetisation. Sales for the quarter declined 12.4% YoY to Rs 960.2 crore. We were factoring in a marginal decline of 1.5% YoY to Rs 1013.9 crore on account of expected higher auxiliary income.

Outlook

We are estimating 12.4% CAGR in the revenue in FY17E-19E and 11.6% CAGR in PAT during the same period. We value the stock at 30x its FY19E EPS of Rs 200.1 and arrive at a target price of Rs 6102/share with a BUY recommendation on the stock.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Buy GSK Consumer; target of Rs 6102: ICICI Direct

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login