Buy Great Offshore, target of Rs 359: Religare Hichens
Religare Hichens Harrison Research has upgraded its rating on Great Offshore from sell to buy with a price target of Rs 359 in its April 15, 2009 research report. “We have raised our FY10 net revenue and PAT estimates by 9.5% and 13% respectively due to higher renegotiated contract rates for GOFF’s assets.
We have valued the stock using DCF, with a risk free rate of 7%, terminal growth of 2% and WACC of 13.3%. This leads us to a revised fair value of Rs 359, representing a 20% upside from current levels. We upgrade the stock from Sell to Buy on the back of improved fundamentals of the company and clarity in revenue and profits going forward,” says Religare Hichens Harrison’s research report.
Tags: buy, buy rating, Great Offshore, religare, religare hichens
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
