Buy Petronet LNG Ltd., target Rs 380.0 : Religare Securities

Religare Securities has Buy call on Petronet LNG Ltd. with a target price of Rs 380.0. The current market price of Petronet LNG Ltd. is 341.45. Time period given by analyst is year, when Petronet LNG Ltd. price can reach defined target. Religare said valuations at about 14x FY18 EPS seem attractive considering the high visibility in earnings growth from long-term contracts. It said sustained margin expansion should lead to earnings up grades.