Accumulate Allcargo Logistics Ltd., target Rs 202.0 : Prabhudas Lilladher

Prabhudas Lilladher has Accumulate call on Allcargo Logistics Ltd. with a target price of Rs 202.0. The current market price of Allcargo Logistics Ltd. is 193.0. Time period given by analyst is year, when Allcargo Logistics Ltd. price can reach defined target. Prabhudas Lilladher revised its estimates down for FY17 and FY18 to factor in a higher tax rate of 27% versus its earlier estimates of 22%. It said the earnings growth of 9% CAGR over FY16-18 leaves little scope for further re-rating.