3 ICICIGI share price target reports by brokerages below. See what is analyst's view on ICICIGI 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.
We have valued the stock based at 7.78x 1-yr forward P/BV mean and has arrived at a price target of Rs. 1487 with a potential upside of 15% and we rate it ‘HOLD’. Strong underwriting and well-developing business streams, ROAE was at 25.1% in Q1FY21 and continues to stay at healthy 20% and above range.
We have valued the stock based at 8.3x 1-yr forward P/BV mean at 1.05x and has arrived at a price target of Rs. 1424 with potential upside of 7% and we rate it ‘HOLD’. Risk to valuation could be positive developments in Motor-OD standalone policy growth being an industry leader might drive the stock price and innovative motor floater products if approved by IRDAI though increase the expense ratio but will be fruitful in longer run for bank-based parent supported primary insurer.
We expect changing regulations in motor to drive down both claims and tariffs, creating supernormal profitability in the short term. We believe that this period (of super- normal profitability) will be short lived, as we expect IRDAI to clamp down on TP pricing restricting profitability. We believe market is not factoring this risk, accordingly we rate ICICIGI a SELL with a reduced TP of Rs 1,126 (Dec-21E P/E of 26x and a P/ABV of 5.7x).
We have valued the stock based at 7.4x 1 yr forward P/BV mean at 0.97x and arrived at a price target of Rs. 1151 with potential upside of 9% and we rate it ‘HOLD’. Risk to valuation could be due to positive developments in Motor-OD standalone policy growth and being an industry leader it might drive the stock price.
ILOM remains our top pick despite the 30% rally YTD, as we believe it is a good long-term compounding story and has upside risks to EPS and RoE from improving GDPI/combined ratios. Our 12-mth TP of Rs1,300 is pegged at 30x 2YF P/E. Key risk: Natural catastrophes.
We have valued the stock based at 7.4x 1 yr forward P/BV mean at 1x and have arrived at a price target of Rs. 1163 with potential upside of 9% and we rate it ‘HOLD’. Risk to valuation could be management’s focus on rationalization ofoperating cost and generating 20% of RoE and investment leverage from profitablebusiness segments might drive the stock price.
Our Mar-20 price target of Rs. 942 is based on 6.9x forward P/BV on premium over the peers with mean of 1.13x; listed at Rs. 661 (or 6.7x FY18 P/BV) on 27th Sept, 2017 and ever since it has outperformed Nifty by 3% and with strong corporate governance and transparency in filings with quality has always kept shareholders confidence intact.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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