Neutral Hindustan Unilever Ltd., target Rs 860.0 : Motilal Oswal Financial Services

Motilal Oswal Financial Services has Neutral call on Hindustan Unilever Ltd. with a target price of Rs 860.0. The current market price of Hindustan Unilever Ltd. is 901.2. Time period given by analyst is year, when Hindustan Unilever Ltd. price can reach defined target. Motilal Oswal has maintained its neutral rating on Hindustan Unilever with a target price of Rs 860 citing that the portfolio issues and lack of growth in top clients had been leading to subpar organic growth for the company. It pegged PE at 45.1x FY17 and 40.0x FY18 estimated earnings.