Prestige Estates Projects Limited (PRESTIGE) Gets a Buy from UBS
In a report released yesterday, Aditya Chandrasekar from UBS maintained a Buy rating on Prestige Estates Projects Limited (PRESTIGE – Research Report), with a price target of INR1,725.00. The company's shares closed yesterday at INR1,466.60.
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According to TipRanks, Chandrasekar is a 2-star analyst with an average return of 22.5% and a 100.00% success rate. Chandrasekar covers the Real Estate sector, focusing on stocks such as Prestige Estates Projects Limited, DLF Limited, and Oberoi Realty Limited.
Currently, the analyst consensus on Prestige Estates Projects Limited is a Moderate Buy with an average price target of INR1,825.00, representing a 24.44% upside. In a report released today, Jefferies also maintained a Buy rating on the stock with a INR1,700.00 price target.
Based on Prestige Estates Projects Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR20.25 billion and a net profit of INR2.33 billion. In comparison, last year the company earned a revenue of INR16.81 billion and had a net profit of INR2.67 billion
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