Titan Company Ltd.’s current market price now matches the analyst target for the first time since January, a period that saw the stock rise 30 percent.
After its quarterly profit missed estimates, Titan’s stock fell to close at Rs 484. That’s nearly the same as the average price target of 18 analysts tracked by Bloomberg.
Following its earnings, the analysts released their ratings and price targets on the stock. 6 maintained their ‘buy’ rating, 6 held the ‘neutral’ stance and 6 retained the ‘sell’ call.
So, are the company’s pros and cons fully priced in?