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PNB Share Price Target

Punjab National Bank
Sector: Banks
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PNB Long Term Analysts Rating
3.6/5 (8 Ratings)
PNB Share Price *
63.25 -0.1 (-0.16%)
* (quote may be delayed)

8 PNB share price target reports by brokerages below. See what is analyst's view on PNB 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.


You can also find PNB share price target tomorrow or next week from PNB discussion forum.

PNB Share Price Forecast - Consensus
No. of reports in last year
8
No. of analysts
4
Average Consensus Forecast
81.88
Consensus Potential
20.14%

PNB Share Price Target - Broker Reports - 2019

Prabhudas Lilladher
6-Nov-19
Price @ Call: 64.16
Target: 57
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.
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Sharekhan
2-Aug-19
Price @ Call: 67.81
Target: 85
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.
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Nirmal Bang
2-Aug-19
Price @ Call: 67.81
Target: 73
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.
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Nirmal Bang
31-May-19
Price @ Call: 81.08
Target: 92
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.
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Prabhudas Lilladher
29-May-19
Price @ Call: 86.2
Target: 75
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.
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Sharekhan
5-Apr-19
Price @ Call: 93.2
Target: 110
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.
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Motilal Oswal
7-Feb-19
Price @ Call: 75.2
Target: 80
NEUTRAL

Prabhudas Lilladher
6-Feb-19
Price @ Call: 73.55
Target: 83
HOLD

PNB Share Price Target - Broker Reports - 2018

Motilal Oswal
2-Nov-18
Price @ Call: 73.4
Target: 74
NEUTRAL

Motilal Oswal
8-Aug-18
Price @ Call: 82.85
Target: 85
NEUTRAL

Edelweiss
16-May-18
Price @ Call: 86
Target: 70
REDUCE

Prabhudas Lilladher
7-Feb-18
Price @ Call: 160.45
Target: 172
ACCUMULATE

Motilal Oswal
7-Feb-18
Price @ Call: 160.45
Target: 215
BUY

Edelweiss
7-Feb-18
Price @ Call: 160.45
Target: 236
BUY

ICICIdirect.com
1-Jan-18
Price @ Call: 171.5
Target: 230
BUY

PNB Share Price Target - Broker Reports - 2017

Edelweiss
6-Nov-17
Price @ Call: 207.3
Target: 256
BUY

Motilal Oswal
4-Nov-17
Price @ Call: 205.35
Target: 250
BUY

Motilal Oswal
8-Aug-17
Price @ Call: 148.66
Target: 184
BUY

KRChoksey
3-Aug-17
Price @ Call: 153.6
Target: 174
BUY

ICICIdirect.com
3-Aug-17
Price @ Call: 159
Target: 180
BUY

Edelweiss
2-Aug-17
Price @ Call: 159
Target: 180
BUY

Prabhudas Lilladher
22-May-17
Price @ Call: 155
Target: 160
ACCUMULATE

Edelweiss
17-May-17
Price @ Call: 165
Target: 180
BUY

KRChoksey
9-Feb-17
Price @ Call: 150
Target: 174
BUY

ICICIdirect.com
9-Feb-17
Price @ Call: 145
Target: 160
BUY

Kotak Securities
8-Feb-17
Price @ Call: 149.85
Target: 140
REDUCE

Religare
7-Feb-17
Price @ Call: 151.65
Target: 100
SELL

Edelweiss
7-Feb-17
Price @ Call: 152
Target: 177
BUY

PNB Share Price Target - Broker Reports - 2016

Khambatta Securities
9-Nov-16
Price @ Call: 142
Target: 170
BUY

Axis Direct
8-Nov-16
Price @ Call: 139.78
Target: 140
HOLD

KRChoksey
7-Nov-16
Price @ Call: 140
Target: 165
BUY

Motilal Oswal
7-Nov-16
Price @ Call: 132
Target: 172
BUY

Edelweiss
4-Nov-16
Price @ Call: 132
Target: 145
BUY

Powermywealth.com
24-Aug-16
Price @ Call: 126.35
Target: 170
ADD

Reliance Securities
2-Aug-16
Price @ Call: 122.25
Target: 96
REDUCE

Religare
29-Jul-16
Price @ Call: 126.95
Target: 70
SELL

Religare
19-May-16
Price @ Call: 74.8
Target: 70
SELL

  • PNB - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Prabhudas Lilladher57-11.14%
    Sharekhan8525.47%
    Nirmal Bang7313.22%
    Motilal Oswal8020.81%
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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