Buy Colgate ; target of Rs 1520: Motilal Oswal
Motilal Oswal is bullish on Colgate has recommended buy rating on the stock with a target price of Rs 1520 in its research report dated May 22, 2020.
by Broker ResearchMotilal Oswal 's research report on Colgate
Colgate’s (CLGT) 4QFY20 results were disappointing relative to expectations, but understandable, given the COVID-19 related disruptions highlighted by peers that have already declared results. We maintain ‘Buy’ rating on CLGT due to inexpensive valuations (below 10-year average P/E), relatively resilient portfolio (v/s peers) in an uncertain time, among the best of breed balance sheet metrics and incipient signs of market share gains.
Outlook
We arrive at a TP of INR1,520 (target multiple of 42x FY22E EPS, based on 5-year average).
For all recommendations report, click here
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