1. Home
  2. Stocks
  3. PNB
  4. PNB Price Target

PNB

5012345678910123456789.8012345678900123456789
+1.00 (+1.97%)

NSE Volume

1141.3Cr+

Broker Reports

Call Price: ₹41
29 JAN 22
Target: ₹41
Change: ₹41.7 (0.6%)

ACCUMULATE

Call Price: ₹41
29 OCT 21
Target: ₹41
Change: ₹42.1 (1.81%)

ACCUMULATE

Call Price: ₹39.4
4 AUG 21
Target: ₹44
Change: ₹39.4 (0%)

ACCUMULATE

Call Price: ₹39.59
9 FEB 21
Target: ₹43
Change: ₹38.7 (-1.9%)

ACCUMULATE

Call Price: ₹27.8
4 NOV 20
Target: ₹30
Change: ₹27.4 (-1.44%)

HOLD

Call Price: ₹64.16
6 NOV 19
Target: ₹57
Change: ₹64.2 (-0.85%)

REDUCE

PNB operating performance was slightly better on back of stable NIMs of 2.4%, support from treasury and surprisingly lower opex (we estimated higher on likely actuary adjustment on retirement benefits). Bank also will opt the new tax rate only in FY21 post assessing the DTA & MAT availability post- merger which led to positive PAT. Slippages came in high leading to asset quality deterioration and increase in provision which was also on back ofdeferred fraud provision from Bhushan Power NPA. Bank’s CET-I has reached 10.9% post the Govt. infusion of Rs160bn which should also take care for merger outcomes going ahead, hence the large dilution below book leads us to keep our REDUCE rating with revised TP of Rs57 (from Rs51) based 0.8x Sep-FY22 ABV.
... Read more
Call Price: ₹67.81
2 AUG 19
Target: ₹73
Change: ₹67.5 (1.35%)

BUY

We have revised our NII estimates by -3.0%/-5.2%, PPOP estimates by -1.6%/-4.7% and PAT estimates by -4.2%/-7.5% for FY20/FY21, respectively. We have retained Accumulate rating on PNB, revising our target price to Rs73 (from Rs92 earlier), valuing the stock at 0.6x standalone FY21E P/ABV and ascribing a value of Rs22 for subsidiaries.
... Read more
Call Price: ₹67.81
2 AUG 19
Target: ₹85
Change: ₹67.5 (1.35%)

BUY

PNB is available at reasonable valuations of <1x its FY2021E book value. Even though there are challenges, the overhang of high slippages is diminishing, with a possibility of recovery from NCLT exposures being a positive. However, there is an overhang too of book value dilutive equity infusion. Considering the scenario, we maintain our Buy rating on the stock with an revised price target (PT) of Rs. 85.
... Read more
Call Price: ₹81.08
31 MAY 19
Target: ₹92
Change: ₹66.05 (-3.15%)

ACCUMULATE

Non-Core Divestures, Recoveries To Address Capital Constraints And Growth. Punjab National Bank (PNB) reported 4QFY19 results with the key pointers being (1) Higher than expected loss worsens capital positioning; non-core asset divestures and recoveries to help in garnering capital and address growth. (2) Excluding IL&FS and slippages from existing NPA accounts, fresh slippages were mostly from medium sized accounts; FY20 recoveries to be similar as FY19 (a) RWA density indicates improvement in RWA profile and optimal capital utilization. (See comprehensive analyst meet takeaways on page 2 for significant incremental colour) Per se, on the key P&L items, PNB posted NII growth of 37% YoY at Rs42,003mn, PPOP was back in the black at Rs28,612mn and a loss of Rs47,496mn versus a loss of Rs134,169mn in the corresponding quarter last year. We have revised our estimates for FY20/FY21 and retained Accumulate rating on PNB, revising our target price to Rs92 (from Rs95 earlier), valuing the stock at 0.8x standalone FY21E P/ABV and ascribing a value of Rs26 for subsidiaries.
... Read more
Call Price: ₹86.2
29 MAY 19
Target: ₹75
Change: ₹66.05 (-3.15%)

REDUCE

Higher provisions though led to improved PCR +750bps QoQ to 61.7% (excl. technical w.off) but coverage continues to remain lower than that of large peer banks. Operating profit remains volatile with issue lingering in asset quality but core asset sale can aid to earnings/provisions and improve capital position which is critical. We downgrade to REDUCE from HOLD with revised TP of Rs75 (from Rs98) based 1.0x FY21 ABV.
... Read more
Call Price: ₹93.2
5 APR 19
Target: ₹110
Change: ₹66.05 (-3.15%)

BUY

PNB trades at reasonable valuations of <1x its FY2021E book value, as valuations reflect market concerns over growth and assetperformance. We introduce our estimates for FY2021E and rollover the price target (PT). We believe the asset quality and, therefore, the earnings outlook have improved for the bank. Hence, we maintain our Buy rating on the stock with a revised PT of Rs. 110.
... Read more
Call Price: ₹75.2
7 FEB 19
Target: ₹80
Change: ₹66.05 (-3.15%)

NEUTRAL

Call Price: ₹73.55
6 FEB 19
Target: ₹83
Change: ₹66.05 (-3.15%)

HOLD

Call Price: ₹73.4
2 NOV 18
Target: ₹74
Change: ₹66.05 (-3.15%)

NEUTRAL

Call Price: ₹82.85
8 AUG 18
Target: ₹85
Change: ₹66.05 (-3.15%)

NEUTRAL

Call Price: ₹86
16 MAY 18
Target: ₹70
Change: ₹66.05 (-3.15%)

REDUCE

Call Price: ₹160.45
7 FEB 18
Target: ₹172
Change: ₹66.05 (-3.15%)

ACCUMULATE

Call Price: ₹160.45
7 FEB 18
Target: ₹236
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹160.45
7 FEB 18
Target: ₹215
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹171.5
1 JAN 18
Target: ₹230
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹205.35
4 NOV 17
Target: ₹250
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹207.3
6 NOV 17
Target: ₹256
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹148.66
8 AUG 17
Target: ₹184
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹159
2 AUG 17
Target: ₹180
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹159
3 AUG 17
Target: ₹180
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹153.6
3 AUG 17
Target: ₹174
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹155
22 MAY 17
Target: ₹160
Change: ₹66.05 (-3.15%)

ACCUMULATE

Call Price: ₹165
17 MAY 17
Target: ₹180
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹145
9 FEB 17
Target: ₹160
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹150
9 FEB 17
Target: ₹174
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹152
7 FEB 17
Target: ₹177
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹151.65
7 FEB 17
Target: ₹100
Change: ₹66.05 (-3.15%)

SELL

Call Price: ₹149.85
8 FEB 17
Target: ₹140
Change: ₹66.05 (-3.15%)

REDUCE

Call Price: ₹74.8
19 MAY 16
Target: ₹70
Change: ₹66.05 (-3.15%)

SELL

Call Price: ₹140
7 NOV 16
Target: ₹165
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹139.78
8 NOV 16
Target: ₹140
Change: ₹66.05 (-3.15%)

HOLD

Call Price: ₹142
9 NOV 16
Target: ₹170
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹132
7 NOV 16
Target: ₹172
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹132
4 NOV 16
Target: ₹145
Change: ₹66.05 (-3.15%)

BUY

Call Price: ₹126.35
24 AUG 16
Target: ₹170
Change: ₹66.05 (-3.15%)

ADD

Call Price: ₹122.25
2 AUG 16
Target: ₹96
Change: ₹66.05 (-3.15%)

REDUCE

Call Price: ₹126.95
29 JUL 16
Target: ₹70
Change: ₹66.05 (-3.15%)

SELL

About
Punjab National Bank NSE: PNB | BSE: 532461 | ISIN: INE160A01022 | Sector: Banks
Hero Img
Create your account on Frontpage
Join 2,00,000 Indian traders and discuss trades, strategies, news & views on any stock.