forum
BANDHANBNK Share Price Target
Bandhan Bank Ltd.
Sector: Banks
Sector: Banks
BANDHANBNK Share Price *
444.65 -1.85 (-0.41%)
* (quote may be delayed)
BANDHANBNK Share Price Forecast - Consensus
| No. of reports in last year | 13 |
| No. of analysts | 6 |
| Average Consensus Forecast | 628.77 |
| Consensus Potential | 28.32% |
BANDHANBNK Share Price Target - Broker Reports - 2019
ICICIdirect.com
23-Jul-19
Price @ Call: 501.15
Target: 650
BUY
We believe the merger is short-term negative due to high dilution but remains positive in the long run. However, given recent headwinds in home finance sector, balance sheet growth trajectory is seen getting impacted. Factoring in the risk, we lower our multiple to 26.5x FY21E EPS (Rs 24.5 per share). Subsequently, our target price is Rs 650 (earlier Rs 725). We maintain our BUY recommendation on the stock.
Arihant Capital Markets
23-Jul-19
Price @ Call: 482.1
Target: 528
HOLD
We are upbeat on the future performance of the bank and expect bank will continue to outperform. We expect PAT to grow at CAGR of 28.5% during FY19-21E backed by superior return ratios (ROE ~22% and ROA ~4%) and strong visibility of credit growth. However, the rich valuations (4.6x FY20E & 3.8x FY21E ABV) coupled with the overhang pertaining to the reduction of promoter holding offer limited room for upside at current level. We maintain our Hold rating with a revised TP of Rs 528 based on 4x P/ABV to its FY21E.
AUM Capital
15-May-19
Price @ Call: 543.05
Target: 680
BUY
We are lowering our FY20/21 revenue estimate downward by 2.7% and 2.4% respectively to factor immediate loss of revenue from Puducherry plant. However we believe that Strides can achieve a ~18% YoY growth in the US given good filing momentum and new launches. We are also adjusting our FY20/21 PAT estimate downward by 15% and 7% respectively to factor lower other income and muted profit share from JV/ Associates. We value Strides at 15x on FY21E EPS and downgrade the rating to Reduce from ‘Buy’ to factor uncertainty around the USFDA outcome as well as the Arrow exit deal.
Arihant Capital Markets
6-May-19
Price @ Call: 603
Target: 658
HOLD
ICICIdirect.com
3-May-19
Price @ Call: 628.63
Target: 725
BUY
Investec Securities
11-Feb-19
Price @ Call: 465.65
Target: 645
BUY
Arihant Capital Markets
15-Jan-19
Price @ Call: 442.85
Target: 505
HOLD
ICICIdirect.com
8-Jan-19
Price @ Call: 488.36
Target: 575
BUY
BANDHANBNK Share Price Target - Broker Reports - 2018
JM Financial
14-Dec-18
Price @ Call: 533.1
Target: 650
BUY
ICICIdirect.com
12-Oct-18
Price @ Call: 475.77
Target: 650
BUY
JM Financial
11-Oct-18
Price @ Call: 512.05
Target: 650
BUY
LKP Securities Limited
11-Oct-18
Price @ Call: 476.02
Target: 608
BUY
ICICIdirect.com
1-Oct-18
Price @ Call: 561.55
Target: 650
BUY
ICICIdirect.com
17-Aug-18
Price @ Call: 705.05
Target: 825
BUY
LKP Securities Limited
20-Jul-18
Price @ Call: 618.15
Target: 760
BUY
JM Financial
7-May-18
Price @ Call: 496.77
Target: 595
BUY