Gail Rating
04.02.2022 - Jefferies on GAIL Maintain Hold CMP 147 Target 160(PREV TGT 150)
JEFFERIES ON GAIL : 08.07.2021
* MAINTAIN HOLD TARGET: 150
* Jefferies maintains HOLD call on GAIL, target at Rs 150/sh
* FY22 EBITDA Estimate Could See 15% Upgrade
* Our Fair Value Is *170 With Crude At $70 & 7193 At $80/bbl
* Potential InvIT Listing Could Yield *30/Sh Upside
* Any Significant Correction In Crude Price Remains The Key Risk
CLSA ON GAIL : 11.06.2021
* MAINTAIN BUY TARGET: 200
* CLSA maintains BUY call on GAIL, target raised to Rs. 200/sh
* Confident Of Improved Performance In FY22 As LNG Price Has Spiked
* Raise FY22-23 EPS Estimate By 2-3%
* +ve Leverage To Crude, Receding Worries On Gas Trading Are Positives
* Volume Tailwinds In Core Gas Transmission Key Positives
CITI ON GAIL : 11.06.2021
• Maintain BUY, Target at Rs 185/share
• Petchem drives beat, while gas trading finally turns around
• Gas transmission: In-line 4Q, outlook positive
• Gas trading: Reversal at last, should sustain
• Petchem EBITDA rose to a new multi-yr high
JPMORGAN ON GAIL : 10.06.2021
• Maintain Overweight, Target at Rs 197/share
• Remain OW on GAIL with a revised PT of Rs 197
• GAIL should continue to benefit from higher oil prices
* Key segments of PE, LPG and Gas
* Trading should do well in a higher oil price environment
* Caution investors that GAIL is an indirect proxy to oil prices
JEFFERIES ON GAIL : 10.06.2021
* MAINTAIN HOLD TARGET: 150
* Jefferies has a Hold call on GAIL, but raises FY22 EPS estimate by 6%
* EBITDA Missed By 10% On A Big Miss In Gas Trading
* Transmission Put Up A Strong Show With Volume Up 1% YoY
• Petchem Volumes & Realisations Surprised Positively
* Raise FY22 EPS Estimate By 6%
JPMORGAN ON GAIL : 10.06.2021
* JPMorgan maintains Overweight rating on GAIL with target being raised to Rs 197/Sh
* MAINTAIN OVERWEIGHT TARGET: 197
* Strong 4Q In-line; Near term Oil Price Strength Should Support Earnings
* Gas Trading Segment Reported EBITDA After Loss For 3 Qtrs
