Jubilant Foodworks share price: Jefferies maintain price target of Rs 3050 on the stock
The recent quarters of Jubilant Foodworks have seen a series of initiatives beyond Domino's, including FMCG, Biryani, Hong's Kitchen ramp-up and 10.8% stake in Barbeque Nation. Jubilant Foodworks has now picked up a 32.8% stake in DP Eurasia, which has presence in Turkey & Russia among others, at attractive valuation.
Jefferies forecast EPS to rise at 27% CAGR, despite the COVID-19 challenges. Jefferies value Jubilant Foodworks at 60x FY23E earnings to arrive at a price target of Rs 3050/sh: ANI