Areva T&D has target of Rs 340: Shanbhag

Areva T&D has target of Rs 340, says Ganesh Shanbhag of SMS Financial Services.

Shanbhag told CNBC-TV18, "We are looking at a company called Areva T&D which is the core area itself in  transmission and distribution segment. We are pegging a target price of this company over a one year timeframe of  around Rs 340." The company's trailing 12-month (TTM) EPS was at Rs 6.97 per share. (Sep, 2010). The stock's price-to-earnings  (P/E) ratio was 40.73. The latest book value of the company is Rs 36.19 per share. At current value, the price-to-book  value of the company was 7.84. The dividend yield of the company was 0.63%.