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PNBHOUSING Consensus Forecast

No. of reports in last year
3
No. of analysts
2
Average Consensus Forecast
768.67
Consensus Potential
71.10%

PNBHOUSING Price Target Potential

BrokerageTargetPotential
Nirmal Bang57663.07%
Arihant Capital Markets77072.38%

PNBHOUSING Targets in FrontPage Forums

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PNBHOUSING Ratings

Long term PNBHOUSING rating by FrontPage users
4.3/5 (3 Ratings)

3 PNBHOUSING share price target reports by brokerages below. See what is analyst's view on PNBHOUSING 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.
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PNBHOUSING Share Price Target

PNBHOUSING Share Price Target - Broker Reports - 2019

25-Oct-19
Price @ Call: 510.96
Target: 576
BUY
PNB Housing Finance (PNBHF) reported 2QFY20 results with the key pointers being: (1) Spread
expanded 39 bps YoY to 2.62%; outlook for spreads remains positive (2) Disbursement de-growth
was sharper than expected; capital raise pushed back (3) Asset quality was stable with Stage 3
assets ratio at 84%, down 1 bp QoQ and (4) Opex to ATA declined 5 bps YoY to 57 bps, which is
also broadly along expected lines (See comprehensive conference call takeaways on page 2 for Target Price: Rs576 significant incremental colour). Per se, on the key P&L items, PNBHF posted 36% YoY NII growth at Rs6,268mn, PPOP growth of 47% YoY at Rs5,444mn and PAT growth of 64% YoY at Rs3,421mn. We have revised our estimates for FY20/FY21/FY22 and retained Buy rating on PNBHF, revising our target price to Rs576 (from Rs739 earlier) and valuing the stock at 0.9x H1FY22E P/BV.
... Read more
2-Aug-19
Price @ Call: 714.12
Target: 960
BUY
We have revised our NII estimates by 1.7%/3.4%, PPOP estimates by 3.3%/5.2% and PAT estimates by 0.8%/1.9% for FY20/FY21, respectively. We have retained Buy rating on PNBHF, revising our target price to Rs960 (from Rs956earlier) and valuing the stock at 1.5x FY21E P/BV.
... Read more
2-Aug-19
Price @ Call: 714.12
Target: 770
HOLD
We believe the liquidity stress and headwinds in the real estate sector to continue over the medium term. However, PNBHFL’s cautious stance on lending towards corporates and continued focus on maintaining excess liquidity provides comfort. We have pegged a multiple of 1.3(x) to FY 21E ABV & arrived at a fair value of Rs 770 per share. At CMP of Rs 715 the stock is trading at FY21E P/ABV of 1.2(x). We have a “Hold” rating on the stock.
... Read more
14-May-19
Price @ Call: 770.99
Target: 835
ACCUMULATE
We believe PNB housing finance will continue to deliver strong growth while maintaining asset quality and liquidity in its book. Management’s cautious stance on corporate book may moderate the disbursement growth in the near term. PNBHFL’s Tier-1 ratio stood at 11% as of FY19. We have pegged a multiple of 1.4(x) to FY 21E ABV & arrived at a fair value of Rs 835 per share. At CMP of Rs 700 the stock is available at its FY 21E P/ABV of 1.2(x). We have an “Accumulate” rating on the stock.
... Read more
13-May-19
Price @ Call: 782.35
Target: 931
BUY
Deepika Gupta Padhi, Head of Investor Relations and Shweta Bansal, Assistant Manager, Investor Relations of PNB Housing Finance (PNBHF) and gleaned incremental insight into the strategy of the company. We share our detailed takeaways below. We revise our estimates for FY20/FY21 and retain Buy rating, revising our target price to Rs931 (from Rs1,140 earlier), valuing the stock at 1.5x FY21E (or 1.7x FY20E) P/BV. We think that the underperformance of PNBHF stock is overdone.
... Read more
10-May-19
Price @ Call: 759.46
Target: 875
BUY
Post the strong disbursement CAGR of 55%+ over FY13-18, growth has moderated sharply to ~9% YoY in FY19. The liquidity crisis, coupled with increasing stress in corporate segment, warrants caution. With asset leverage already at 11x and a cautious outlook in the underlying business, disbursement growth is likely to remain moderate over the near-to-medium term. Reduction in the repayment rates is likely to support AUM growth (~15%). We factor in NIM compression of 20bp and a rise in credit cost by 5- 10bp. We cut our earnings estimates 3-6% for FY20/21. Maintain Buy with a TP of INR875 (1.5x FY21E).
... Read more
15-Apr-19
Price @ Call: 822.85
Target: 998
ACCUMULATE
Demand environment for NBFCs is on revamp now and we believe going forward PNBHFL lending will improve compare to FY19. It has strong liability franchise and maintaining excess liquidity to avoid volatility in overall cost of funds, while pressure will be seen on margins. At CMP of Rs 862 the stock is available at its FY 20E P/ABV of 1.7(x). We value the stock at a FY20E target P/ABV multiple of 2x, which yields a target price of Rs 998 per share. We have an ‘ACCUMULATE’ rating on the stock.
... Read more
28-Jan-19
Price @ Call: 890.1
Target: 1267
BUY
25-Jan-19
Price @ Call: 928
Target: 1100
BUY

PNBHOUSING Share Price Target - Broker Reports - 2018

6-Nov-18
Price @ Call: 900.54
Target: 1215
BUY
6-Sep-18
Price @ Call: 1291.16
Target: 1520
BUY
5-Sep-18
Price @ Call: 1291.16
Target: 1700
BUY
23-Aug-18
Price @ Call: 1394.4
Target: 1700
BUY
13-Aug-18
Price @ Call: 1267.81
Target: 1418
HOLD
10-Aug-18
Price @ Call: 1304.4
Target: 1750
BUY
30-Apr-18
Price @ Call: 1406.7
Target: 1680
BUY
4-May-18
Price @ Call: 1414.35
Target: 1750
BUY
9-Apr-18
Price @ Call: 1304.33
Target: 1600
BUY

PNBHOUSING Share Price Target - Broker Reports - 2017

30-Nov-17
Price @ Call: 1336.32
Target: 1659
BUY
2-Nov-17
Price @ Call: 1431.01
Target: 1526
HOLD
30-Oct-17
Price @ Call: 1417.1
Target: 1680
BUY
26-Oct-17
Price @ Call: 1393.95
Target: 1250
SELL
26-Oct-17
Price @ Call: 1393.95
Target: 1750
BUY
29-Sep-17
Price @ Call: 1461.75
Target: 1675
BUY
9-Aug-17
Price @ Call: 1548.5
Target: 1701
HOLD
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  • PNBHOUSING Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3221.27
    Upside Target 2218.28
    Upside Target 1214.17
    Pivot211.18
    Downside Target 1207.07
    Downside Target 2204.08
    Downside Target 3199.97
  • PNBHOUSING Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3239.17
    Upside Target 2231.08
    Upside Target 1220.57
    Pivot212.48
    Downside Target 1201.97
    Downside Target 2193.88
    Downside Target 3183.37
  • PNBHOUSING Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3292.7
    Upside Target 2263.55
    Upside Target 1235.55
    Pivot206.4
    Downside Target 1178.4
    Downside Target 2149.25
    Downside Target 3121.25
  • PNBHOUSING Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3218.28
    Upside Target 2215.57
    Upside Target 1213.9
    Pivot211.18
    Downside Target 1208.47
    Downside Target 2206.8
    Downside Target 3204.08
  • PNBHOUSING Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3231.08
    Upside Target 2223.98
    Upside Target 1219.59
    Pivot212.48
    Downside Target 1205.38
    Downside Target 2200.99
    Downside Target 3193.88
  • PNBHOUSING Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3263.55
    Upside Target 2241.72
    Upside Target 1228.23
    Pivot206.4
    Downside Target 1184.57
    Downside Target 2171.08
    Downside Target 3149.25
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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