Accumulate Coal India Ltd., target Rs 320.0 : Prabhudas Lilladher

Prabhudas Lilladher has Accumulate call on Coal India Ltd. with a target price of Rs 320.0. The current market price of Coal India Ltd. is 322.9. Time period given by analyst is year, when Coal India Ltd. price can reach defined target. Prabhudas Lilladher said Q1FY17 earnings were below expectations. It pegged PE at 15.5x FY17 and 14.7x FY18 estimated earnings. Peer GMDC is trading at 8.96x FY17E earnings, as per Bloomberg estimates.