2 days ago
- Automotive
- Business Insider
Hero Motocorp Limited (HEROMOTOCO) Gets a Sell from Jefferies
Jefferies analyst Nitij Mangal maintained a Sell rating on Hero Motocorp Limited on August 8 and set a price target of INR3,800.00. The company's shares closed last Friday at INR4,599.80.
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Mangal covers the Consumer Cyclical sector, focusing on stocks such as Bajaj Auto Limited, Hero Motocorp Limited, and Hyundai Motor India Limited. According to TipRanks, Mangal has an average return of 0.7% and a 54.29% success rate on recommended stocks.
Hero Motocorp Limited has an analyst consensus of Hold, with a price target consensus of INR4,251.42, implying a -7.57% downside from current levels. In a report released on August 8, Kotak Mahindra also maintained a Sell rating on the stock with a INR3,575.00 price target.
Based on Hero Motocorp Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of INR102.6 billion and a net profit of INR11.08 billion. In comparison, last year the company earned a revenue of INR97.88 billion and had a net profit of INR10.93 billion
