Firstcall Research has recommended hold rating on P&G Hygiene and Health Care with a target of Rs 2488, in its August 24, 2010 research report.
"Procter and Gamble Hygiene and Health Care has recommended a dividend of Rs 22.50 per equity share of Rs 10 each for the financial year ended June 30, 2010. At the market price of Rs 2221, the stock is trading at 42.53 x and 39.07 x for FY11E and FY12E respectively. On the basis of EV/EBDITA, the stock trades at 0.00 x for FY11E and 33.98 x for FY12E. Price to book value of the company is expected to be at 10.24 x for FY11E and 8.11 x for FY12E respectively. EPS of the company is expected to be at Rs 52.22 and Rs 56.85 for the earnings of FY11E and FY12E respectively. The company's net sales and net profit are expected to grow at a CAGR of 9% and 1% over FY09 to FY12E. We recommend 'HOLD' this stock with a target price of Rs 2488 for medium to long term investment." says Firstcall Research report.
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