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BANKBARODA Consensus Forecast

No. of reports in last year
2
No. of analysts
2
Average Consensus Forecast
113.5
Consensus Potential
58.76%

BANKBARODA Price Target Potential

BrokerageTargetPotential
Nirmal Bang11258.21%
Motilal Oswal11559.30%

BANKBARODA Targets in FrontPage Forums

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0% Bearish
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BANKBARODA Ratings

Long term BANKBARODA rating by FrontPage users
4.7/5 (6 Ratings)

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

BANKBARODA Share Price Target - Broker Reports - 2020

28-Jan-20
Price @ Call: 92.35
Target: 112
BUY
We have revised our NII estimates by -7.8%/-12.6%/-15.2%, PPOP estimates by -7.6%/-19.7%/-22.3% and PAT estimates by -69.1%/-32.0%/-33.1% for FY20/FY21/FY22. We have retained Buy rating on BoB, revising our target price to Rs112 (from Rs117 earlier), valuing the stock at 0.8x H1FY22E standalone P/ABV, and ascribing a value of Rs16 to the subsidiaries.
... Read more
27-Jan-20
Price @ Call: 92.7
Target: 115
BUY
BOB continues to report weak numbers as fresh slippages stay elevated and business growth moderates. The appointment of Mr. Sanjiv Chadha as the new MD & CEO (from SBI) removes an overhang, however, outstanding watch-list (1.6% of loans) and SMA-2 assets (~2.1% of loans) in a slowing economy remain a concern. ~29% of corporate advances are either Unrated or have BB & Below rating, which is worrying. Also, the bank has significant exposure to NBFCs. However, healthy coverage ratio and well- provided NCLT assets (~89% PCR) give us some comfort. We estimate credit cost to remain elevated in FY21 and expect earnings to normalize gradually from 2HFY21. We have lowered our loan growth assumptions in our estimates. We maintain Buy with revised target price of INR115 (0.9x Sep’21E ABV).
... Read more

BANKBARODA Share Price Target - Broker Reports - 2019

29-Jul-19
Price @ Call: 112.55
Target: 120
HOLD
Valuation – BoB currently trades at <1.0x its FY2021E book value. However, post the merger, growth outlook has weakened and assetquality performance is still facing challenges. Considering the risks, we maintain our Hold rating with a revised PT of Rs. 120.
... Read more
29-Jul-19
Price @ Call: 112.55
Target: 140
BUY
26-Jul-19
Price @ Call: 112.56
Target: 145
BUY
Post merger, BOB has reported modest 1Q results reflecting tepid loan growth and slight moderation in margins. We expect fresh slippages to be slightly elevated in FY20 (2.7%) driven by the merged entity’s exposure to various stressed groups and uncertain macros, before moderating in FY21. The clarity on management succession is critical as the term of the current CEO gets over in Oct’19. We estimate credit cost to remain elevated at 2.0%/1.4% in FY20/FY21. Thus, we expect the merged entity to deliver 0.7%/12.0% ROA/ROE for FY21. We maintain our target price at INR145 (1.0x FY21E ABV) and BUY rating on the stock.
... Read more
26-Jul-19
Price @ Call: 109.55
Target: 128
BUY
We have revised our estimates for FY20/FY21 and retained Buy rating on BoB, revising our target price to Rs128 (from Rs154 earlier), valuing the stock at 0.7x FY21E standalone P/ABV and ascribing a value of Rs 13 to the subsidiaries.
... Read more
26-Jul-19
Price @ Call: 109.55
Target: 146
BUY
BOB’s earnings saw marginal miss with our estimates at Rs7.1bn (PLe:Rs8.7bn) mainly from lower other income & higher opex from the merger. Provisions though remains elevated on continued slippages was largely in line with expectations. Slippages came in higher with corporate slippages at Rs15.0bn from Rs55.8bn was from the watchlist. But the watch-list has increased from Rs100.0bn (2.1% of loans for BOB solo) to Rs160.0bn (2.5% of loans) due to merger and similar lending in erstwhile banks. Bank also has very high exposure to NBFC segment at 15% of loans which could add to risks to asset quality (some exposure already in watchlist). We remain cautious on asset quality but PCR remains at decent levels, while other operating metrics like CASA, opex, NIMs and growth should take some more quarters to move up. Retain BUY with revised PT of Rs143 (from 161) based on 1.0x Mar-21 ABV.
... Read more
3-Jul-19
Price @ Call: 123.16
Target: 145
BUY
We expect fresh slippages to be slightly elevated in FY20 (2.7%) driven by the merged entity’s exposure to various stressed groups and uncertain macros, before moderating during FY21. Credit cost is expected to remain elevated and we are building in credit cost of 2.0%/1.4% in FY20/21. Also, the merged entity will take some time to address the operational and IT related issues, both at the corporate and at the branch level. Thus, we expect the merged entity to deliver 0.7%/12.0% ROA/ROE for FY21. We revise our target price to INR145 (1.0x FY21E ABV) and maintain our BUY rating on the stock.
... Read more
24-May-19
Price @ Call: 134.24
Target: 150
BUY
Possible surprises on asset quality front and accelerated provisioning on account of merger are likely to impact BoB’s near-term earnings. Nonetheless, strong provisioning with low NNPA ratio at 3.65% for the combined entity is a silver lining. Moreover, the Bank’s healthy growth prospects and strong capital position are likely to support valuations in forward years. Thus, we maintain our BUY recommendation on the stock with a Target Price of Rs150, valuing it at 1x FY21E ABV.
... Read more
24-May-19
Price @ Call: 134.24
Target: 158
BUY
We have revised our NII estimates by 5.6%/3.6%, PPOP estimates by 4.2%/-0.4% and PAT estimates by -1.6%/2.2% for FY20/FY21, respectively. We have retained Buy rating on BoB, revising our target price to Rs158 (from Rs154 earlier), valuing the stock at 0.8x FY21E standalone P/ABV, and ascribing a value of Rs 13 to the subsidiaries.
... Read more
24-May-19
Price @ Call: 127.5
Target: 170
BUY
Focus on building operational granularity and improvement in efficiency will enable the bank to pedal healthy growth. Balance sheet growth with focus on retail bodes well for risk adjusted returns and capital consumption. Recognition of majority of stressed assets and anticipated higher recovery to bolster earnings ahead. The management has ruled out any substantial impact due to merger; synergy from merger is seen to accrue at gradual pace. Rolling on to FY21E, we upgrade our target price to Rs 170 (earlier Rs 140), valuing the stock at 1.2x FY21E ABV post-merger. We maintain BUY.
... Read more
23-May-19
Price @ Call: 126.2
Target: 113
REDUCE
While FY19 core performance shows stability, we believe the proposed merger entails costs and softer issues, and will take time to be consummated (refer to the Merger mars cyclical tailwinds). We believe BoB’s post-merger operating metrics are at risk in the near-medium term with sub-optimal returns ratios (RoA/RoE of < 0.5%/7% even in FY21).Maintain ‘REDUCE’ with a TP of INR113.
... Read more
1-Apr-19
Price @ Call: 131.9
Target: 144
BUY
Overall performance in Q3FY19 showed significant improvement with domestic growth momentum building up, driven by retail portfolio and asset quality improvement. Management expects the trend to continue with focus on quality growth and further improving the rating profile.We have a BUY with a target of Rs. 144.
... Read more
5-Mar-19
Price @ Call: 107.9
Target: 132
BUY
2-Feb-19
Price @ Call: 111.6
Target: 130
BUY
2-Feb-19
Price @ Call: 111.6
Target: 143
BUY
2-Feb-19
Price @ Call: 111.6
Target: 124
NEUTRAL
1-Feb-19
Price @ Call: 111.6
Target: 140
BUY
30-Jan-19
Price @ Call: 113.85
Target: 140
BUY
BOB has been reporting healthy traction in domestic loan growth while operating metrics are showing a gradual improvement. We expect fresh slippages to moderate over FY20/21E while steady improvement in provisioning coverage should ease incremental provisioning requirements. We lower our FY19/20E earnings by 5%/2% to reflect higher provisions and estimate BOB to deliver 0.5%/8.8% RoA/ROE for FY20e. We maintain BUY with a TP of INR140 (1x Sept-20E ABV). The imminent merger with Dena Bank and Vijaya Bank remains a key monitorable in the near term.
... Read more
30-Jan-19
Price @ Call: 113.85
Target: 161
BUY
BOB’s earnings of Rs4.7bn (PLe: Rs8.2bn) was lower than estimate as bank continued to strengthen its balances sheet with provisioning on NCLT/Ageing and NPAs. Overall core performance was stable and better with both NII + fees seeing uptick on improving mix of loan book. Overall slippages were up sequentially but on back of partly recognized IL&FS exposure to the group entity. Other metrics like CASA, opex and NIMs remain stable. Bank has been able to improve its risk profile towards better rated assets in both domestic and international and strengthen its balance sheet by provisioning which should help sustained & gradual improvement in earnings but merger nitty- gritties will be watched out for any large out performance. Retain BUY with PT of Rs161 (unchanged) based on 1.1x Sep-20 ABV.
... Read more
3-Jan-19
Price @ Call: 120.75
Target: 140
BUY
3-Jan-19
Price @ Call: 119.4
Target: 140
BUY

BANKBARODA Share Price Target - Broker Reports - 2018

22-Nov-18
Price @ Call: 111.02
Target: 174
BUY
31-Oct-18
Price @ Call: 110
Target: 161
BUY
27-Aug-18
Price @ Call: 150.47
Target: 174
BUY
31-Jul-18
Price @ Call: 151.75
Target: 175
ACCUMULATE
31-Jul-18
Price @ Call: 151.75
Target: 180
BUY
30-Jul-18
Price @ Call: 149.53
Target: 180
BUY
31-Jul-18
Price @ Call: 151.75
Target: 165
BUY
30-Jul-18
Price @ Call: 149.53
Target: 185
BUY
30-Jul-18
Price @ Call: 138.05
Target: 185
BUY
30-Jul-18
Price @ Call: 138.05
Target: 178
BUY
30-Jul-18
Price @ Call: 138.05
Target: 180
BUY
30-Jul-18
Price @ Call: 138.05
Target: 175
BUY
28-May-18
Price @ Call: 144.77
Target: 163
BUY
28-May-18
Price @ Call: 144.77
Target: 163
ACCUMULATE
27-Feb-18
Price @ Call: 143.75
Target: 164
BUY
10-Feb-18
Price @ Call: 154.6
Target: 185
BUY

BANKBARODA Share Price Target - Broker Reports - 2017

24-Nov-17
Price @ Call: 178
Target: 208
BUY
17-Nov-17
Price @ Call: 186.68
Target: 207
BUY
17-Nov-17
Price @ Call: 186.68
Target: 152
SELL
4-Sep-17
Price @ Call: 138.3
Target: 159
BUY
18-Aug-17
Price @ Call: 146.38
Target: 164
HOLD
14-Aug-17
Price @ Call: 142.55
Target: 200
BUY
4-Jul-17
Price @ Call: 160.55
Target: 210
BUY
30-Jun-17
Price @ Call: 161
Target: 195
BUY
28-Jun-17
Price @ Call: 156
Target: 200
BUY
16-Jun-17
Price @ Call: 169.6
Target: 192
HOLD
14-Jun-17
Price @ Call: 169.75
Target: 245
HOLD
8-Jun-17
Price @ Call: 177
Target: 200
BUY
19-May-17
Price @ Call: 188.5
Target: 210
ADD
18-May-17
Price @ Call: 187
Target: 210
BUY
23-Mar-17
Price @ Call: 162
Target: 220
BUY
17-Feb-17
Price @ Call: 166
Target: 195
BUY
13-Feb-17
Price @ Call: 188
Target: 208
BUY
10-Feb-17
Price @ Call: 188
Target: 221
BUY
13-Feb-17
Price @ Call: 188
Target: 175
SELL
13-Feb-17
Price @ Call: 176.5
Target: 130
SELL
13-Feb-17
Price @ Call: 188
Target: 205
ACCUMULATE
3-Jan-17
Price @ Call: 149
Target: 195
BUY

BANKBARODA Share Price Target - Broker Reports - 2016

16-May-16
Price @ Call: 154.95
Target: 115
SELL
17-May-16
Price @ Call: 143.15
Target: 194
BUY
25-Nov-16
Price @ Call: 168
Target: 186
BUY
16-Nov-16
Price @ Call: 174
Target: 149
SELL
16-Nov-16
Price @ Call: 174
Target: 180
HOLD
15-Nov-16
Price @ Call: 161
Target: 180
BUY
15-Nov-16
Price @ Call: 161
Target: 180
ACCUMULATE
13-Oct-16
Price @ Call: 152.05
Target: 203
BUY
12-Aug-16
Price @ Call: 151.05
Target: 123
REDUCE
12-Aug-16
Price @ Call: 149.05
Target: 170
BUY
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  • BANKBARODA Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 348.8
    Upside Target 248.15
    Upside Target 147.5
    Pivot46.85
    Downside Target 146.2
    Downside Target 245.55
    Downside Target 344.9
  • BANKBARODA Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 351.68
    Upside Target 250.17
    Upside Target 148.48
    Pivot46.97
    Downside Target 145.28
    Downside Target 243.77
    Downside Target 342.08
  • BANKBARODA Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 360.77
    Upside Target 257.43
    Upside Target 152.12
    Pivot48.78
    Downside Target 143.47
    Downside Target 240.13
    Downside Target 334.82
  • BANKBARODA Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 348.15
    Upside Target 247.65
    Upside Target 147.35
    Pivot46.85
    Downside Target 146.35
    Downside Target 246.05
    Downside Target 345.55
  • BANKBARODA Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 350.17
    Upside Target 248.94
    Upside Target 148.19
    Pivot46.97
    Downside Target 145.74
    Downside Target 244.99
    Downside Target 343.77
  • BANKBARODA Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 357.43
    Upside Target 254.13
    Upside Target 152.09
    Pivot48.78
    Downside Target 145.48
    Downside Target 243.44
    Downside Target 340.13
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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