1 IBULHSGFIN share price target reports by brokerages below. See what is analyst's view on IBULHSGFIN share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
On the operational front, persistent challenges in the real estate segment (developer finance/LAP), liquidity tightness (accessibility and cost) and soft disbursements along with rundown in CRE book are likely to lead to sharp contraction in on-book AUM. These cumulatively are likely to further pressurise earnings. Hence, we are revising down FY20/21E EPS 26%/34% and P/BV to 0.8x (from 1.25x), leading to revised TP of INR267(INR527 earlier). Maintain ‘HOLD’.
Considering, Low mortgage penetration, favorable demographics and increasing affordability, combined with the government and regulatory push, the housing finance industry is expected to deliver good growth ahead. We value the stock at an estimated P/BV of FY20Est. at 2.25x with a target of ` 980 in medium term.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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