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J&KBANK Share Price Target
Jammu & Kashmir Bank Ltd.
Sector: Banks
Sector: Banks
J&KBANK Share Price *
37.05 -0.35 (-0.94%)
* (quote may be delayed)
J&KBANK Share Price Forecast - Consensus
| No. of reports in last year | 8 |
| No. of analysts | 3 |
| Average Consensus Forecast | 62.00 |
| Consensus Potential | 37.90% |
J&KBANK Share Price Target - Broker Reports - 2019
ICICIdirect.com
9-Aug-19
Price @ Call: 44.24
Target: 48
HOLD
Healthy growth in advances with focus on retail segment to augment margins & thereby operational performance. However, recent development in state could impact bank’s competitive advantage, while concerns regarding governance and functioning remains overhang in the near term. Accordingly, we reduce our earnings estimates by 36%/21% for FY20E/21E. Accordingly, we lower our target to | 48 (earlier | 53) keeping our target multiple unchanged at 0.7x FY21E ABV. We maintain our HOLD recommendation.
ICICIdirect.com
11-Jun-19
Price @ Call: 49.55
Target: 53
HOLD
Based on a sensitivity analysis (Exhibit 1) of the impact on earnings, we revise our target multiple downwards to 0.7x FY21E (earlier 0.9x) and lower our target price to Rs 53/share (earlier | 65). Thus, we downgrade our rating on the stock from BUY to HOLD.
ICICIdirect.com
20-May-19
Price @ Call: 58.25
Target: 65
BUY
Healthy growth in advances with focus on retail segment is expected to augment margins & thereby operational performance. Recognition of stressed account & continuous reduction in rehabilitated advances is expected to keep asset quality under control. Accordingly, RoA is expected to improve gradually to 0.8% in FY21E. Rolling over our estimates to FY21E, we revise our target price to Rs 65 (earlier | 52), valuing the stock at ~0.9x FY21E ABV. We maintain our BUY recommendation on the stock.
Prabhudas Lilladher
17-May-19
Price @ Call: 55.95
Target: 80
BUY
Credit cost (calculated) was moderately high at 2.7% (2.4% in 4Q18) as a) bank recognized 3 IL&FS accounts of 4 as NPA, b) divergence in provisions cited by RBI. Bank’s restructured book which had been a concern declined 12% QoQ. Valuation of 0.6x on Mar-21 ABV is reasonable given healthy loan growth & margins outlook, robust liabilty franchise (CASA:51%), controlled asset quality and waning capital concerns. Retain BUY with revised TP of Rs80 (from Rs76) based on 0.9x Mar-21 ABV.
AnandRathi
16-Jan-19
Price @ Call: 39.5
Target: 64
BUY
ICICIdirect.com
15-Jan-19
Price @ Call: 37.4
Target: 52
BUY
Prabhudas Lilladher
14-Jan-19
Price @ Call: 37.45
Target: 76
BUY
J&KBANK Share Price Target - Broker Reports - 2018
ICICIdirect.com
19-Oct-18
Price @ Call: 42.2
Target: 58
BUY
ICICIdirect.com
27-Jul-18
Price @ Call: 53.51
Target: 58
HOLD
Prabhudas Lilladher
4-Jun-18
Price @ Call: 56
Target: 100
BUY
Prabhudas Lilladher
3-Feb-18
Price @ Call: 69.49
Target: 112
BUY
Motilal Oswal
2-Feb-18
Price @ Call: 69.49
Target: 100
BUY
J&KBANK Share Price Target - Broker Reports - 2017
Prabhudas Lilladher
6-Nov-17
Price @ Call: 80.97
Target: 135
BUY
ICICIdirect.com
24-Jul-17
Price @ Call: 88
Target: 105
BUY
ICICIdirect.com
16-May-17
Price @ Call: 82
Target: 95
BUY
ICICIdirect.com
2-May-17
Price @ Call: 81
Target: 95
BUY
ICICIdirect.com
8-Feb-17
Price @ Call: 72
Target: 80
BUY
J&KBANK Share Price Target - Broker Reports - 2016
Motilal Oswal
19-Dec-16
Price @ Call: 64
Target: 68
NEUTRAL
ICICIdirect.com
19-Dec-16
Price @ Call: 64
Target: 75
BUY