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HUDCOÂ Share Price Target
Housing and Urban Development Corporation Ltd.
Sector: Finance
Sector: Finance
HUDCO Share Price *
36.15 -1.9 (-4.99%)
* (quote may be delayed)
HUDCO Share Price Forecast - Consensus
| No. of reports in last year | 1 |
| No. of analysts | 1 |
| Average Consensus Forecast | 45.00 |
| Consensus Potential | 15.44% |
HUDCO Share Price Target - Broker Reports - 2019
ICICIdirect.com
8-Nov-19
Price @ Call: 41.44
Target: 45
BUY
The government’s focus coupled with housing shortage leads to opportunity for balance sheet growth. High provision coverage at ~89% and healthy capital adequacy provides comfort. However, exposure to private sector and anticipated slippages from thereon remains a concern which could impact earnings and thereby return ratios. Currently, the stock is trading at ~0.75x FY19 BV. Factoring in slippage of Rs 1200 crore from the private sector, the stock is trading at ~0.85x FY19 ABV. Consequently, we revise our target price to | 45 per share (earlier Rs 112-123), valuing the stock at ~0.9x FY19 ABV (adjusting for Rs 1200 crore). Accordingly, we downgrade the stock to HOLD.
HUDCO Share Price Target - Broker Reports - 2017
ICICIdirect.com
13-Jul-17
Price @ Call: 97
Target: 117.5
BUY