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PNB Share Price Target

Punjab National Bank
Sector: Banks
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PNB Share Price *
57.9 +0.6 (1.05%)
* (quote may be delayed)
PNB Share Price Forecast - Consensus
No. of reports in last year
8
No. of analysts
4
Average Consensus Forecast
84.00
Consensus Potential
30.65%

PNB Share Price Target - Broker Reports - 2019

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

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

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    BrokerageTargetPotential
    Sharekhan8532.59%
    Nirmal Bang7321.51%
    Prabhudas Lilladher7523.60%
    Motilal Oswal8028.38%