05-06-2025
Punjab National Bank (PNB) Receives a Buy from Geojit Research
Geojit Research analyst reiterated a Buy rating on Punjab National Bank (PNB – Research Report) yesterday and set a price target of INR126.00. The company's shares opened today at INR110.12.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Punjab National Bank with a INR63.90 average price target, representing a -41.97% downside. In a report released on May 28, J.P. Morgan also maintained a Buy rating on the stock with a INR120.00 price target.
Based on Punjab National Bank's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR152.89 billion and a net profit of INR49.89 billion. In comparison, last year the company earned a revenue of INR147.71 billion and had a net profit of INR33.42 billion
