 Buy Aban Offshore, target of Rs 2,200: Anand RathiPublished on Sat, Nov 21, 2009 at 13:35 | Source : Moneycontrol.com Updated at Sat, Nov 21, 2009 at 13:38 43056 Investors following Aban Offshore. Share this News with them.
Anand Rathi Securities has come out with a research report on Aban Offshore . The research firm has reiterated buy rating on the stock and raised target price to Rs 2,200, in its report dated November 20, 2009. "With an improved balance sheet and stronger earnings outlook (EPS CAGR of 60% over FY10-12e driven by 100% rig utilization), we expect Aban to be re-rated. We raise our one-year forward target PE multiple to 10x (earlier 7x) in line with international peer average and raise our target price to Rs 2,200. Reiterate Buy" says, Anand Rathi Securities. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. To read the full report click on the attachment......... Attachments : ABAN offshore.pdf
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