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PRESTIGE Consensus Forecast

No. of reports in last year
2
No. of analysts
2
Average Consensus Forecast
313.5
Consensus Potential
35.36%

PRESTIGE Price Target Potential

BrokerageTargetPotential
Nirmal Bang34141.03%
HDFC Securities28629.69%

PRESTIGE Targets in FrontPage Forums

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PRESTIGE Ratings

Long term PRESTIGE rating by FrontPage users
4/5 (2 Ratings)

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

PRESTIGE Share Price Target - Broker Reports - 2019

5-Aug-19
Price @ Call: 259.65
Target: 341
BUY
PEPL has reported a net profit of Rs1,153mn for 1QFY20, down 5.2% YoY and 17.1% QoQ. Residential sales volume at 1.21mn sqft decreased by 42% QoQ but increased by 9% YoY. Average realization at Rs7,119/sqft increased by 32% QoQ and 3% YoY. Rental income at Rs2,062mn increased by 5% QoQ and 12% YoY. EBITDA margin expanded by 455bps YoY and 965bps QoQ to 34.3%. We have maintained Buy rating on the stock with a target price (TP) of Rs341 (from Rs256 earlier), up 31% from the current market price.
... Read more
3-Aug-19
Price @ Call: 259.83
Target: 286
NEUTRAL
Despite an encouraging quarter on collections, PEPL has seen further debt built up (due to asset portfolio stake consolidation), posing a challenge for the management in achieving optimal leverage. Further pending capex includes Rs 13bn/4-5bn for Office and Retail/ Hospitality respectively. One of the few positives is that ~60% of debt is backed either by annuity or by rental securitization/ bill discounting. Launches were largely tilted towards commercial projects. Asset stake sale is key for further re- rating. Retain NEU with Rs 286/sh TP.
... Read more
29-May-19
Price @ Call: 285.2
Target: 341
BUY
We have valued PEPL at a discount of 20% (25% earlier) to FY21E NAV based on: 1) Concerns relating to closure of funding which is essential for completion of its planned commercial and retail projects. 2) Rising debt leading to an increase in interest expenses, thereby negatively impacting earnings. 3) Subdued residential real estate market and cost pressure, especially interest costs, which are expected to impact the residential segment’s cash flow. The rationale behind upgrading the target price by valuing at a 20% discount instead of 25% is the strong pipeline of rental assets yielding growth in rentable income. We have retained Buy rating on the stock with a target price of Rs341 (from Rs256 earlier), up 20% from the current market price.
... Read more
18-Feb-19
Price @ Call: 194.4
Target: 256
BUY
We have valued PEPL at a 25% discount to FY21E NAV. We have given a discount of 25% because of: 1) Concerns relating to closure of additional funding which is essential for completion of its planned commercial and retail projects. 2) Rising debt leading to an increase in interest expenses, thereby negatively impacting earnings. 3) Subdued residential real estate market and cost pressure reducing realisation from residential sales. 4) Rising concerns over residential segment’s cash flow given the high debt. We remain optimistic on PEPL considering its attractive valuation which is supported by a strong portfolio of operational rental assets, thereby reducing the risks associated with residential segment, and a planned increase in commercial and retail properties over the next five to seven years. Further, we have not included 33mn sqft of land bank in our valuation.
... Read more
15-Feb-19
Price @ Call: 197.69
Target: 292
BUY
3QFY19 Revenue came in at Rs 10.8bn, Rs 1bn lower due to IND AS 115. Margins came in at 31.9% (vs 20.0/27.7% YoY/QoQ). PEPL had deliveries of 7mn sqft in 3QFY19 alone (record deliveries of ~24mn sqft in 9MFY19, 141% ahead of full year guidance) leading to total unrecognized revenue of ~130bn, incl. ~Rs 75bn of earlier reversals (re-recognition over 2.5-3 years). With 1.6mn sqft launched in 3QFY19, PEPL’s 9MFY19 launches stand at 3.2mn sqft across Bengaluru, Chennai and Hyderabad (vs 10mn sqft guidance for FY19E). Pre sales (PEPL’s share) continued to stand out at ~1.2mn sqft in 3QFY19 (+55% YoY, led by Jindal City – 16% share in pre-sales). With PEPL not looking at any private deal for its annuity portfolio (after the GIC deal fell through in 2QFY19), it might look to either tap the capital markets or look for a 25% stake sale. Capex intensity is expected to remain high (Rs 1.5-1.8bn/quarter). Monetisation of completed inventory of ~Rs 28bn remains key. We maintain BUY with Rs 292/sh TP.
... Read more

PRESTIGE Share Price Target - Broker Reports - 2018

31-Jul-18
Price @ Call: 263.5
Target: 316
BUY

PRESTIGE Share Price Target - Broker Reports - 2016

9-Dec-16
Price @ Call: 152.75
Target: 205
BUY
15-Sep-16
Price @ Call: 184.39
Target: 225
BUY
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  • PRESTIGE Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3215.13
    Upside Target 2211.57
    Upside Target 1208.23
    Pivot204.67
    Downside Target 1201.33
    Downside Target 2197.77
    Downside Target 3194.43
  • PRESTIGE Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3249.6
    Upside Target 2238.3
    Upside Target 1221.6
    Pivot210.3
    Downside Target 1193.6
    Downside Target 2182.3
    Downside Target 3165.6
  • PRESTIGE Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3344.7
    Upside Target 2294.7
    Upside Target 1252.15
    Pivot202.15
    Downside Target 1159.6
    Downside Target 2109.6
    Downside Target 367.05
  • PRESTIGE Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3211.57
    Upside Target 2208.93
    Upside Target 1207.3
    Pivot204.67
    Downside Target 1202.03
    Downside Target 2200.4
    Downside Target 3197.77
  • PRESTIGE Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3238.3
    Upside Target 2227.6
    Upside Target 1221
    Pivot210.3
    Downside Target 1199.6
    Downside Target 2193
    Downside Target 3182.3
  • PRESTIGE Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3294.7
    Upside Target 2259.35
    Upside Target 1237.5
    Pivot202.15
    Downside Target 1166.8
    Downside Target 2144.95
    Downside Target 3109.6
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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