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BANKBARODA Share Price Target
Bank of Baroda
Sector: Banks
Sector: Banks
BANKBARODA Share Price *
96.15 +1 (1.05%)
* (quote may be delayed)
BANKBARODA Share Price Forecast - Consensus
| No. of reports in last year | 22 |
| No. of analysts | 11 |
| Average Consensus Forecast | 142.91 |
| Consensus Potential | 32.67% |
BANKBARODA Share Price Target - Broker Reports - 2019
ICICIdirect.com
29-Jul-19
Price @ Call: 112.55
Target: 140
BUY
Sharekhan
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.
Motilal Oswal
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.
Prabhudas Lilladher
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.
Nirmal Bang
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.
Motilal Oswal
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.
ICICIdirect.com
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.
Nirmal Bang
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.
Reliance Securities
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.
Edelweiss
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.
Axis Direct
1-Apr-19
Price @ Call: 131.9
Target: 144
BUY
Indiabulls Ventures
5-Mar-19
Price @ Call: 107.9
Target: 132
BUY
Reliance Securities
2-Feb-19
Price @ Call: 111.6
Target: 130
BUY
HDFC Securities
2-Feb-19
Price @ Call: 111.6
Target: 124
NEUTRAL
Nirmal Bang
2-Feb-19
Price @ Call: 111.6
Target: 143
BUY
ICICIdirect.com
1-Feb-19
Price @ Call: 111.6
Target: 140
BUY
Prabhudas Lilladher
30-Jan-19
Price @ Call: 113.85
Target: 161
BUY
Motilal Oswal
30-Jan-19
Price @ Call: 113.85
Target: 140
BUY
Motilal Oswal
3-Jan-19
Price @ Call: 119.4
Target: 140
BUY
ICICIdirect.com
3-Jan-19
Price @ Call: 120.75
Target: 140
BUY
BANKBARODA Share Price Target - Broker Reports - 2018
SPA Securities
22-Nov-18
Price @ Call: 111.02
Target: 174
BUY
Prabhudas Lilladher
31-Oct-18
Price @ Call: 110
Target: 161
BUY
Geojit Financial Services
27-Aug-18
Price @ Call: 150.47
Target: 174
BUY
Sharekhan
31-Jul-18
Price @ Call: 151.75
Target: 180
BUY
Arihant Capital Markets
31-Jul-18
Price @ Call: 151.75
Target: 175
ACCUMULATE
Prabhudas Lilladher
31-Jul-18
Price @ Call: 151.75
Target: 165
BUY
Motilal Oswal
30-Jul-18
Price @ Call: 138.05
Target: 175
BUY
Edelweiss
30-Jul-18
Price @ Call: 138.05
Target: 180
BUY
KRChoksey
30-Jul-18
Price @ Call: 138.05
Target: 178
BUY
ICICIdirect.com
30-Jul-18
Price @ Call: 138.05
Target: 185
BUY
HDFC Securities
30-Jul-18
Price @ Call: 149.53
Target: 185
BUY
JM Financial
30-Jul-18
Price @ Call: 149.53
Target: 180
BUY
Prabhudas Lilladher
28-May-18
Price @ Call: 144.77
Target: 163
ACCUMULATE
Motilal Oswal
28-May-18
Price @ Call: 144.77
Target: 163
BUY
SPA Securities
27-Feb-18
Price @ Call: 143.75
Target: 164
BUY
Motilal Oswal
10-Feb-18
Price @ Call: 154.6
Target: 185
BUY
BANKBARODA Share Price Target - Broker Reports - 2017
Geojit Financial Services
24-Nov-17
Price @ Call: 178
Target: 208
BUY
Reliance Securities
17-Nov-17
Price @ Call: 186.68
Target: 207
BUY
Nirmal Bang
17-Nov-17
Price @ Call: 186.68
Target: 152
SELL
Reliance Securities
4-Sep-17
Price @ Call: 138.3
Target: 159
BUY
Arihant Capital Markets
18-Aug-17
Price @ Call: 146.38
Target: 164
HOLD
ICICIdirect.com
14-Aug-17
Price @ Call: 142.55
Target: 200
BUY
Edelweiss
4-Jul-17
Price @ Call: 160.55
Target: 210
BUY
BP Wealth
30-Jun-17
Price @ Call: 161
Target: 195
BUY
ICICIdirect.com
28-Jun-17
Price @ Call: 156
Target: 200
BUY
Sharekhan
16-Jun-17
Price @ Call: 169.6
Target: 192
HOLD
Powermywealth.com
14-Jun-17
Price @ Call: 169.75
Target: 245
HOLD
Geojit Financial Services
8-Jun-17
Price @ Call: 177
Target: 200
BUY
Kotak Securities
19-May-17
Price @ Call: 188.5
Target: 210
ADD
Edelweiss
18-May-17
Price @ Call: 187
Target: 210
BUY
HDFC Securities
23-Mar-17
Price @ Call: 162
Target: 220
BUY
Geojit Financial Services
17-Feb-17
Price @ Call: 166
Target: 195
BUY
Systematix Shares & Stocks
13-Feb-17
Price @ Call: 188
Target: 175
SELL
KRChoksey
13-Feb-17
Price @ Call: 188
Target: 205
ACCUMULATE
Nirmal Bang
13-Feb-17
Price @ Call: 176.5
Target: 130
SELL
HDFC Securities
13-Feb-17
Price @ Call: 188
Target: 208
BUY
Motilal Oswal
10-Feb-17
Price @ Call: 188
Target: 221
BUY
HDFC Securities
3-Jan-17
Price @ Call: 149
Target: 195
BUY
BANKBARODA Share Price Target - Broker Reports - 2016
Geojit Financial Services
25-Nov-16
Price @ Call: 168
Target: 186
BUY
SPA Securities
16-Nov-16
Price @ Call: 174
Target: 149
SELL
ICICIdirect.com
16-Nov-16
Price @ Call: 174
Target: 180
HOLD
KRChoksey
15-Nov-16
Price @ Call: 161
Target: 180
ACCUMULATE
Axis Direct
15-Nov-16
Price @ Call: 161
Target: 180
BUY
Motilal Oswal
13-Oct-16
Price @ Call: 152.05
Target: 203
BUY
Edelweiss
12-Aug-16
Price @ Call: 149.05
Target: 170
BUY
Reliance Securities
12-Aug-16
Price @ Call: 151.05
Target: 123
REDUCE
Motilal Oswal
17-May-16
Price @ Call: 143.15
Target: 194
BUY
Religare
16-May-16
Price @ Call: 154.95
Target: 115
SELL