WHAT DO U THINK ?
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.
| NIFTY 
