PINC Research has recommended buy rating on Cosmo Films , with price target of Rs 125, in its report dated September 11, 2008.
"At the CMP of Rs 100, CFL trades at a P/E and EV/EBITDA of 2.4x & 2.1x resp of its FY10E earnings. The company's strategy of streamlining operations and the ability to innovate new products coupled with bullish trends in the flexible packaging industry inspire confidence in the outlook for the company. Hence, we initiate coverage on the company with a 'BUY' recommendation and price target of Rs 125, with a 15 months investment horizon", says PINC Research report.
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