September 13, 2011 1:59 PM EDT

Barclays maintains an 'Overweight' on Camelot Information Systems (NYSE: CIS) price target of $15.00

Barclays analyst says, "Shares of CIS are currently trading under 5x 2012 EPS. Beyond broader governance concerns also weighing on China-based peers, CIS continues to trade at a roughly 3 point discount to key peers despite in-line revenue growth expectations - with top-line performance typically the key valuation driver for IT consulting names based on our analysis. This raises the question whether market valuation is reflecting any potential incremental costs associated with moving on from the challenges raised in 2Q...With shares trading at $4.78 at last close (vs. $6.32 close post-2Q results), purely based on potential concerns discussed here, shares continue to look oversold."

For more ratings news on Camelot Information Systems click here and for the rating history of Camelot Information Systems click here.

Shares of Camelot Information Systems closed at $4.78 yesterday, with a 52 week range of $4.00-$28.18.