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CUB Share Price Target

City Union Bank Ltd.
NSE: CUB | BSE: 532210 | ISIN: INE491A01021 | Sector: Banks

CUB Rating

4.4/5 (11 Ratings)
CUB Share Price *
219.5 -3 (-1.35%)
* (quote may be delayed)

9 CUB share price target reports by brokerages below. See what is analyst's view on CUB 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.


You can also find CUB share price target tomorrow or next week from CUB discussion forum.

CUB Share Price Forecast - Consensus
No. of reports in last year
9
No. of analysts
7
Average Consensus Forecast
233.33
Consensus Potential
4.58%

CUB Share Price Target - Broker Reports - 2019

23-Sep-19
Price @ Call: 213.21
Target: 236
BUY
We remain positive on CUBK on account of its consistent earnings, stable asset quality, healthy CAR and superior return ratios. We have tweaked our loan growth expectations to ~18% over FY19-21E while impact on asset quality from MSME exposure will be eyed upon. Maintain BUY with a target price of Rs 236 (2.9x FY21E ABV).
... Read more

8-Aug-19
Price @ Call: 193.9
Target: 237
BUY
Change to Buy with a revised TP of INR 237
CUBK is well positioned to expand its credit book at a CAGR of 19% over FY19-21E coupled with a slight moderation in margin due to slow growth in CASA. On the asset quality, it is expected to post gross slippages and credit cost, well within guidance. As a result, we expect a ROA of 158bp in FY20E vs its past 10-year average of 155bp. We change our rating to Buy from Accumulate with a revised TP of INR 237 from INR 244 on 3.2x (from 3.4x) one-year forward P/ABV.
... Read more

8-Aug-19
Price @ Call: 193.9
Target: 226
ACCUMULATE
Core trends intact
The strong headwinds of rising costs and lower yields pushed down City Union’s NIM. However, with its asset quality more stable than its peers, sturdy capitalisation and focused SME and retail lending strategy, we expect its good profitability to endure in the medium term. We retain our Buy recommendation, with a lower TP of `226 (earlier `228).Our Aug’20 target of `226 is based on the two-stage DDM model. This implies a ~2.7x P/BV and ~3.0x P/ABV multiple on its FY21e book.Risks: Higher slippages, lower than-expected loan growth.
... Read more

11-Aug-19
Price @ Call: 195.11
Target: 234
ACCUMULATE
No impact from concerns about the wider economy
City Union Bank (CUBL) reported 1QFY20 results with the key pointers being: (1) GNPA ratio moved up 39 bps QoQ to 3.34% but management retained prior slippage guidance of 1.75-2% for FY20 (2) Margin contracted 13 bps YoY to 4.11% and management guided for similar margin for FY20 plus or minus 20 bps (3) While loan growth dipped to 14% YoY, management reiterated loan growth guidance of 18-20% for FY20 (4) Management reiterated cost to income ratio of ~42% and RoA of ~1.5% for FY20 (5) There are incipient signs of management warming up to third party distribution fees (See comprehensive conference call takeaways on page 2 for significant incremental colour). We have revised our NII estimates by 0.0%/-1.8%, PPOP estimates by -0.4%/-3.2% and PAT estimates by -1.9%/-7.1% for FY20/FY21, respectively. We have retained Buy rating on CUBL, valuing the stock at 2.5x FY21E P/BV and revised our target price to Rs234 (from Rs248 earlier).
... Read more

9-Aug-19
Price @ Call: 195.11
Target: 240
BUY
The bank has consistently delivered healthy business growth along with keeping a tab on asset quality. CUB has guided at maintaining RoAs >1.5%+ and RoE ~15%, going ahead, on the back of healthy credit growth of 18- 20%, strong margins and controlled asset quality. Though, we remain cautious on MSME exposure from asset quality perspective, however, we continue to prefer CUB as it is well placed among regional players and comfortable on the capital front with tier-I ratio at 15%. CUB has historically traded at a premium to other regional banks due to better return ratios and a consistency in earnings. We maintain our BUY rating with unchanged target price of | 240 implying a multiple of 2.7x FY21E BV.
... Read more

11-Jul-19
Price @ Call: 200.1
Target: 228
BUY

20-May-19
Price @ Call: 202.58
Target: 223
HOLD
We continue to maintain our positive stance on CUB, due to its sustainable performance. Our positive view on CUB is based on higher margins (best in banking sector), consistent superior return ratios (RoA: 1.64%, RoE: 15%) and strong CAR. We maintain our ‘Hold’ rating on the stock with a revised target price of Rs 223 based on P/ABV(x) of 2.8 (x) to its FY 21E ABV.
... Read more

20-May-19
Price @ Call: 198.6
Target: 240
BUY
The bank has consistently delivered healthy business growth along with a tab on asset quality. CUB has guided at maintaining RoAs >1.5%+ and RoE ~15%, going ahead, on the back of healthy credit growth of 18-20%, stable margins and controlled asset quality. We continue to prefer CUB as it is well placed among regional players and comfortable on the capital front with tier- I ratio at 15%. CUB has historically traded at a premium to other regional banks due to better return ratios and a consistency in earnings. We maintain our BUY rating and target price of Rs 240 (earlier Rs 225) valuing at a multiple
... Read more

15-Apr-19
Price @ Call: 198.74
Target: 236
BUY
CUBK is our preferred regional (and amongst mid-tier) bank as a result of its (1) Conservative management, (2) Superior NIMs due to its unparalleled lending franchise, (3) Well capitalised B/S , (4) Steady operating efficiency, (4) Lower stressed assets with a near nil watch list and (5) Huge MSME lending opportunities and (6) Superior return ratios across cycles. We have estimated around 16% CAGR in NII, 17% CAGR in earning and 20% CAGR in loan book between FY18-21E. We estimate its RoAE and RoAA to improve to 15.6% and 1.54% respectively in FY21E. Currently, it trades at ~2.8x FY20E and 2.4x FY21E adjusted Book Value (ABV). Given the consistent growth and controlled asset quality, we believe the bank will demand higher valuation compared to other peers. We recommend CUB a BUY at CMP Rs. 197 and add on dips to Rs. 188 for the price Target of Rs. 236 over the next 4 to 5 Quarters.
... Read more

8-Feb-19
Price @ Call: 189
Target: 168
REDUCE

2-Feb-19
Price @ Call: 189.49
Target: 237
BUY

1-Feb-19
Price @ Call: 189.49
Target: 236
BUY

31-Jan-19
Price @ Call: 191.79
Target: 225
BUY

8-Jan-19
Price @ Call: 192.96
Target: 228
BUY

CUB Share Price Target - Broker Reports - 2018

13-Nov-18
Price @ Call: 165.03
Target: 200
BUY

5-Nov-18
Price @ Call: 169.15
Target: 227
BUY

28-Aug-18
Price @ Call: 190.49
Target: 186
REDUCE

10-Aug-18
Price @ Call: 178.1
Target: 203
BUY

9-Aug-18
Price @ Call: 176.25
Target: 211
BUY

9-Aug-18
Price @ Call: 176.25
Target: 210
BUY

9-Aug-18
Price @ Call: 176.25
Target: 202
ACCUMULATE

9-Aug-18
Price @ Call: 176.25
Target: 200
BUY

10-Jul-18
Price @ Call: 187.25
Target: 200
BUY

17-Apr-18
Price @ Call: 163.27
Target: 210
BUY

8-Mar-18
Price @ Call: 164.05
Target: 152.73
REDUCE

CUB Share Price Target - Broker Reports - 2017

11-Dec-17
Price @ Call: 162.73
Target: 195.45
BUY

15-Nov-17
Price @ Call: 147.36
Target: 163.64
BUY

30-May-17
Price @ Call: 136.36
Target: 147.93
BUY

30-May-17
Price @ Call: 136.36
Target: 152.89
BUY

9-Feb-17
Price @ Call: 150
Target: 173
BUY

16-Feb-17
Price @ Call: 153
Target: 168
HOLD

10-Mar-17
Price @ Call: 138
Target: 162
BUY

9-Feb-17
Price @ Call: 157
Target: 175
BUY

17-Feb-17
Price @ Call: 150
Target: 166
HOLD

10-Feb-17
Price @ Call: 151
Target: 166
BUY

CUB Share Price Target - Broker Reports - 2016

24-May-16
Price @ Call: 103.08
Target: 116
ACCUMULATE

25-May-16
Price @ Call: 105
Target: 123
BUY

29-Dec-16
Price @ Call: 129.3
Target: 156
BUY

11-Nov-16
Price @ Call: 150
Target: 166
BUY

  • CUB - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Axis Direct2365.72%
    Elara Capital2376.12%
    AnandRathi2261.55%
    Nirmal Bang2344.91%
    ICICIdirect.com2407.29%
  • CUB Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3229.65
    Upside Target 2226.75
    Upside Target 1223.55
    Pivot220.65
    Downside Target 1217.45
    Downside Target 2214.55
    Downside Target 3211.35
  • CUB Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3249.9
    Upside Target 2242.95
    Upside Target 1231.65
    Pivot224.7
    Downside Target 1213.4
    Downside Target 2206.45
    Downside Target 3195.15
  • CUB Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3268.42
    Upside Target 2258.88
    Upside Target 1245.07
    Pivot235.53
    Downside Target 1221.72
    Downside Target 2212.18
    Downside Target 3198.37
  • CUB Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3226.75
    Upside Target 2224.42
    Upside Target 1222.98
    Pivot220.65
    Downside Target 1218.32
    Downside Target 2216.88
    Downside Target 3214.55
  • CUB Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3242.95
    Upside Target 2235.98
    Upside Target 1231.67
    Pivot224.7
    Downside Target 1217.73
    Downside Target 2213.42
    Downside Target 3206.45
  • CUB Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3258.88
    Upside Target 2249.96
    Upside Target 1244.45
    Pivot235.53
    Downside Target 1226.61
    Downside Target 2221.1
    Downside Target 3212.18
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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