Hold Coal India Ltd. target Rs 328 : Jefferies Group

Jefferies Group has a hold call on Coal India Ltd. with a target price of Rs 328 .The current market price of Coal India Ltd. is Rs 323.1 The time period given by analyst is a year when Coal India Ltd. price can reach defined target. The brokerage expects volume growth to improve in H2. It said wage provision would also rise post Q1. It expects earnings growth to be muted at 3.5% CAGR over FY16-18. It said stock is trading at 7.9x FY18E EBITDA.