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FEDERALBNK Share Price Target
The Federal Bank Ltd.
NSE: FEDERALBNK | BSE: 500469 | ISIN: INE171A01029 | Sector: Banks
FEDERALBNK Rating
- ★★
- ★★
- ★★
- ★★
- ★★
4.8/5 (28 Ratings)
FEDERALBNK Share Price *
87 -2.2 (-2.47%)
* (quote may be delayed)
34 FEDERALBNK share price target reports by brokerages below. See what is analyst's view on FEDERALBNK 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 FEDERALBNK share price target tomorrow or next week from FEDERALBNK discussion forum.
FEDERALBNK Share Price Forecast - Consensus
| No. of reports in last year | 34 |
| No. of analysts | 16 |
| Average Consensus Forecast | 118.62 |
| Consensus Potential | 24.39% |
FEDERALBNK Share Price Target - Broker Reports - 2020
Reliance Securities
21-Jan-20
Price @ Call: 94.86
Target: 120
BUY
We trim our earnings by 8-10% for FY20E/21E led by lower NIM and growth expectations. While management’s credit cost guidance of 70 bps for FY20E may be achievable, it will come at a much lower PCR level than expected earlier. Introducing FY22E estimates and rolling forward our valuations to Dec-21E, we maintain our BUY recommendation on the stock with a Target Price of Rs120, implying an adjusted PBV of 1.4x Dec-21E.
Reliance Securities
21-Jan-20
Price @ Call: 94.86
Target: 120
BUY
We trim our earnings by 8-10% for FY20E/21E led by lower NIM and growth expectations. While management’s credit cost guidance of 70 bps for FY20E may be achievable, it will come at a much lower PCR level than expected earlier. Introducing FY22E estimates and rolling forward our valuations to Dec-21E, we maintain our BUY recommendation on the stock with a Target Price of Rs120, implying an adjusted PBV of 1.4x Dec-21E.
Nirmal Bang
21-Jan-20
Price @ Call: 94.86
Target: 109
BUY
We have revised our NII estimates by-2.1%/-1.6%/-3.3%, PPOP estimates by - 1.5%/-2.4%/-4.8% and PAT estimates by 2.9%/-0.7%/-4.0% for FY20/FY21/FY22, respectively. We have retained Buy rating on FBL, revising our target price to Rs109 (from Rs111 earlier), valuing the stock at 1.2x H1FY22E P/BV.
HDFC Securities
21-Jan-20
Price @ Call: 94.86
Target: 122
BUY
FB’s (PPOP) was in line with our estimates, while lower than expected provisions resulted in an earnings beat. Headline stress was stable as the impact of higher slippages (from known stress, lumpy) was offset by higher WOs. With a TP of Rs 122 (1.5x Dec-21 ABV of Rs 82), we maintain BUY. FB’s operating performance was lacklustre on various fronts i.e. growth, NIMs, fees and oplev. While the headline slippages were higher, the silver lining was these were largely driven by known-stress in the corp book, and granular slippages were contained. At 1.1xFY22E ABV, valuations are cheap and at a considerable discount to some of its peers’. We watch for the sustainability of current asset quality trends. Updates on the extension of the incumbent MD&CEO’s term will be watched for.
Prabhudas Lilladher
20-Jan-20
Price @ Call: 91.41
Target: 108
BUY
FB posted better earnings at Rs4.4bn (PLe: Rs3.97bn) on back of much lower than anticpated provisioning which we would have been wanted otherwise as PCR without the technical write-offs dropped by 260bps QoQ to 46% and has come off from ~50% in FY19 end. Key positive was lower non-corporate slippages this quarter, although headline slippages came in higher at Rs5.93bn led from two lumpy known corporate accounts. The core performance momentum has slowed down as macro economic growth factors continue to affect this bank as well similar to peers, but lowered slippage rate in non-corporate if continues can be key driver of overall asset quality sentiments. Retain BUY with revised TP of Rs108 (from Rs102) based on 1.4x Sep-21 ABV.
FEDERALBNK Share Price Target - Broker Reports - 2019
Axis Direct
23-Oct-19
Price @ Call: 83.92
Target: 110
BUY
H1FY20 performance for FB has been moderate. We have therefore lowered our FY20/FY21 EPS estimates building in higher credit cost guidance and slower loan growth. Given the bank’s largely steady watch-list and healthy CAR coupled with low valuations (1.1x FY21E ABV), we maintain BUY with a target price of Rs 110 (1.5x FY21E ABV).
Geojit Financial Services
18-Oct-19
Price @ Call: 84.2
Target: 104
BUY
Federal Bank is currently trading at Adj. P/B of 1.30/1.14 for FY20E and FY21E respectively. Excluding the one-offs that impacted NIMs and the one time increase in employee expenses, the bank has maintained its consistent performance in the current quarter. Since the stock is trading at ~22% discount to last 5-year average P/B (1 yr fwd), we value the stock at 1.4x Adj. BV of FY21E (previous 1.5x) with a revised downward target price of Rs104 and upgrade our rating to Buy.
HDFC Securities
18-Oct-19
Price @ Call: 84.25
Target: 119
BUY
FB saw higher slippages, margin contraction, slower growth and an opex bump up in 2QFY20. A static watchlist was the silver lining. With a TP of Rs 119 (1.5x Sept-21 ABV of Rs 79), we maintain BUY.
LKP Securities Limited
17-Oct-19
Price @ Call: 82.15
Target: 121
BUY
We expect PAT to grow by 48% in FY20e and by 29% in FY21e. We expect ROA/ROE to improve to 1.2%/14.9% in FY21e from 0.8%/9.8% in FY19. Given the improvement in return ratios expected in coming quarters, there would be sufficient room for multiples to improve. Provisioning cost and asset quality for the next 2 quarters would be higher given exposure to few large stressed accounts. Despite factoring higher credit cost, profitability to remain healthy for current fiscal. Retain BUY with TP of ₹121 (at our target price, stock is trading at 1.5x FY21 ABV).
Edelweiss
17-Oct-19
Price @ Call: 82.15
Target: 127
BUY
Consistency key; maintain ‘BUY’
FB’s Q2FY20 performance was characterised by soft revenue growth. NIM pressure andvolatile asset quality imply operating leverage is key to RoA improvement. We estimate the bank to clock RoA/RoE of 1.1%/14-15% by FY21. We maintain ‘BUY/SO’.
FB’s Q2FY20 performance was characterised by soft revenue growth. NIM pressure andvolatile asset quality imply operating leverage is key to RoA improvement. We estimate the bank to clock RoA/RoE of 1.1%/14-15% by FY21. We maintain ‘BUY/SO’.
Reliance Securities
17-Oct-19
Price @ Call: 82.15
Target: 115
BUY
Even as we continue to be watchful of the asset quality risks in the current environment, we note the Bank has conservatively provided for the expected rise in employee expenses and raised provision coverage for stressed standard exposures. While management’s credit cost guidance of 60 bps for FY20E may be achievable, it will come at a much lower PCR level than expected earlier. The Bank is one of the key beneficiaries of tax cuts, with little DTA impact on earnings during FY20E. Going forward, we expect margin improvement, operating leverage, and traction in fee-based income are likely to drive RoA/RoE of 1.2%/16% for FY21E. Trimming our earnings by 2-3% for FY20E/21E, we maintain our BUY recommendation on the stock with a revised Target Price of Rs115 (from Rs125 earlier), implying an adjusted PBV of 1.5x FY21.
Nirmal Bang
17-Oct-19
Price @ Call: 82.15
Target: 115
BUY
Prabhudas Lilladher
16-Oct-19
Price @ Call: 82.35
Target: 102
BUY
Joindre Capital Services
30-Aug-19
Price @ Call: 81.61
Target: 125
BUY
A stronger strategic focus on improving retail business, digital experience and reducing stress will continue to aid healthy performance, going ahead. Return ratios are also seen improving led by margin expansion, operating leverage and stable asset quality levels. Hence we believe that the FBL stock should be purchased at the current price for a price target of around Rs 125 over the next 15 to 18 months wherein the stock is current valued at 1.12x PB based on FY20 and 1x FY20 BV. We expect that FBL could easily command a PB of 1.50x based on its earnings profile, steady deposit and CASA levels and focus on retail which could help the bank grow at a healthy pace ahead.
Axis Direct
22-Aug-19
Price @ Call: 82.2
Target: 114
BUY
We are apprehensive about Minda’s growth and profitability in FY20 in the wake of unprecedented domestic slowdown and KTSN challenges with possible overhangs in Q1FY21 as well. Accordingly, we downgrade revenue estimate and expect Minda Corp to post revenues at a CAGR of 3.5% (10% earlier) and profits at CAGR of -2% (15% earlier) over FY19-FY21E. However, we also take cognizance of the fact that Minda Corp’s stock price has over corrected (down 47% in FY20 itself) and Minda Corp is still wellpositioned (ex KTSN) in the industry owing to high entry barriers and being a diversified player in auto ancillary industry, uptick in its Mechatronics business and sticky clientele. We therefore maintain a BUY in Minda Corp. at reduced P/E multiple of 14XFY21E (5 year PE average -1 STD) to arrive at a target price of Rs 99 (28%upside).
Geojit Financial Services
22-Jul-19
Price @ Call: 98.85
Target: 110
ACCUMULATE
Valuations: Federal Bank is currently trading at Adj. P/B of 1.51/1.35 for FY20E and FY21E respectively. Though we are cautious over the retail slippages and bank’s exposure to housing finance companies, we expect higher return ratios going forward. Hence, we maintain our valuation at 1.5x Adj. BV of FY21E and retain our Accumulate rating with a revised downward target price of Rs110.
AnandRathi
18-Jul-19
Price @ Call: 103.05
Target: 130
BUY
In all major perimeters Federal Bank did well, with PAT, deposits and advances growing respectively 46%, 19% and 18% y/y. However, asset quality slightly deteriorated with GNPA increasing 7bps sequentially to 2.99% and slippages came at 1.5% (of the loan book). We retain our positive view on the bank, given the strong business growth prospects, steady margins and stable credit costs. We retain our Buy recommendation, at a higher TP of Rs 130 (earlier Rs115).
Arihant Capital Markets
18-Jul-19
Price @ Call: 103.05
Target: 122
ACCUMULATE
We believe the Bank is on track to achieve return ratios trajectory like RoA / RoE to healthy levels of 1.1%/13% by FY21E. Healthy loan growth with a sustainable margin, improving yields and strong operating performance drives our earnings growth. At CMP of Rs 107, currently it is trading at 1.5(x) to its FY21E ABV, which is quite reasonable at this juncture. We have valued the stock at 1.7x P/ABV and arrived at a fair value of Rs 122 per share, giving a potential upside of 14%.
HDFC Securities
18-Jul-19
Price @ Call: 103.05
Target: 117
HOLD
Despite factoring higher slippages and provisions towards stressed exposures, FB can deliver earnings CAGR of ~28% led by operating leverage and better core performance, especially asset quality. To be sure, FB has stumbled in the past but several corrective initiatives are probably paying off, finally. UPGRADE to BUY with a TP of Rs 117.We upgrade Federal Bank to BUY (TP Rs 117, 1.5x June-21 ABV of Rs 77) after a better than expected show across parameters, in a seasonally weak quarter. Further consistency can lead on to significantly better outcomes.
Reliance Securities
18-Jul-19
Price @ Call: 103.05
Target: 120
HOLD
Lower incremental stress from corporate book is expected to aid the Bank’s overall slippages, even as we continue to be watchful of its SME and retail portfolio in Kerala. Going forward, we expect decline in credit cost, improving operating leverage and traction in fee-based income to drive its profitability. We maintain our BUY recommendation on the stock with a revised Target Price of Rs120 (from Rs115 earlier), implying an adjusted PBV of 1.6x FY21E (from 1.5x earlier).
Motilal Oswal
17-Jul-19
Price @ Call: 107.35
Target: 125
BUY
FB has maintained strong momentum in business growth and is reporting a gradual improvement in operating earnings. It has limited exposure to stressed entities, while the healthy coverage ratio of 67.4% (including TWO) will likely facilitate controlled credit costs. With stronger growth in retail and management guidance of increasing the retail mix to 50%, the margins will likely improve gradually. We raise our FY20/21 PAT estimate by 0.9%/2.4%. Over FY19-21, we expect 20bp RoA expansion and RoE improvement to 13.3%.Maintain Buy with revised PT of INR125 (1.6x FY21E ABV).
Sharekhan
17-Jul-19
Price @ Call: 107.35
Target: 128
BUY
FEDBK currently trades at ~1.3x its FY2021E book value, which we believe is attractive. The tenure of the bank’s MD and CEO is up for renewal (current tenure is till September 2019) and will be a key monitorable. Hence, while there are few overhangs present, we believe present valuation and improving business mix are positive factors, making risk-reward in favour of the investor. We maintain our Buy rating with a revised PT of Rs. 128.
Nirmal Bang
17-Jul-19
Price @ Call: 107.35
Target: 135
BUY
FBL posted a net interest income (NII) growth of 18% YoY to Rs11,542mn, PPOP growth of 30% YoY to Rs7,828mn and PAT growth of 46% YoY to Rs3,842mn. We have revised our estimates for FY20/FY21 and have retained Buy rating on FBL, revising our target price to Rs135 (from Rs134 earlier) and valuing the stock at 1.5x FY21E P/BV.
ICICIdirect.com
17-Jul-19
Price @ Call: 107.35
Target: 125
BUY
A strategic focus on improving retail business, digital experience and reducing stress will continue to aid healthy performance, going ahead. Return ratios are seen improving led by margin expansion, operating leverage and stable asset quality. Overall, the bank is on the path towards building strong sustainable earnings. We maintain our positive stance on the stock with a BUY rating and an unchanged target price of Rs 125 per share, valuing the stock at ~1.7xFY21E ABV.
Prabhudas Lilladher
16-Jul-19
Price @ Call: 107.15
Target: 121
BUY
While on operating metrics bank expects loan growth of 18-20% with NIM improving to 3.2% and continued fee traction which will help achieve ROA of 1.1/1.25% by FY20/FY21. We believe, return ratios are on track to improve with moderate risk on asset quality but valuation remains reasonable, hence we retain BUY with revised TP of Rs121 (from 112) based on 1.65x Mar-21 ABV.
Indiabulls Ventures
26-Jun-19
Price @ Call: 103.85
Target: 122
BUY
Nirmal Bang
22-May-19
Price @ Call: 101.35
Target: 135
BUY
We recently met with Mr. Shyam Srinivasan, CEO of Federal Bank (FBL) and gleaned incremental insight into the strategy of the company. We share our detailed takeaways below. We revise our estimates for FY20/FY21 and retain Buy rating, revising our target price to Rs135 (from Rs134 earlier), valuing the stock at 1.5x FY21E (or 1.8x FY20E) P/BV.FBL remains one of our top picks in the banking sector.
Reliance Securities
6-May-19
Price @ Call: 100.77
Target: 115
BUY
The Bank continues to enjoy a strong retail liability franchise with high share of retail deposits. Healthy traction in fee-based income over the last few quarters is also expected aid earnings. Additionally, low incremental stress from corporate book should aid overall slippages. Nonetheless, we would remain watchful of the Bank’s Kerala portfolio for any likely volatility in slippages. We maintain our BUY recommendation on the stock with an unchanged Target Price of Rs115, implying an adjusted PBV of 1.5x FY21.
ICICIdirect.com
7-May-19
Price @ Call: 100.08
Target: 125
BUY
Steps taken by focusing on the retail business, improving digital print and focus on arresting slippages aided healthy performance. Pedalling growth with cautious approach towards commercial banking segment is seen maintaining asset quality. Multiple levers including steady margins, operating leverage, prudent asset quality may lead to improvement in return ratios. Overall, the bank is moving in the right direction to build strong and sustainable earnings momentum. Rolling over to FY21E, we revise our target price to | 125 per share (earlier | 110), valuing the stock at ~1.7x FY21E ABV.
Motilal Oswal
6-May-19
Price @ Call: 97.75
Target: 120
BUY
FB has maintained healthy momentum in business growth with gradual improvement in earnings, as 4QFY19 RoA stood at 1.02% (0.75%/0.88% reported RoA for FY18/19). With normalcy returning to its home state and slippages under control, we expect asset quality to improve further. However, the pressure on CASA mix and flattish margins has driven us to slightly lower our NII estimates. We estimate FB to deliver 26% CAGR in earnings over FY19-21E and project RoE to improve to 12.9% v/s 9.8% in FY19E. We revise our TP to INR120 (1.5x FY21E ABV). Maintain Buy.
Kotak Securities
6-May-19
Price @ Call: 97.75
Target: 130
BUY
Prabhudas Lilladher
5-May-19
Price @ Call: 96.66
Target: 112
BUY
FB’s delivered strong beat in earnings with PAT of Rs3.81bn (PLe: Rs3.42bn) mainly led by steady NII, strong fees led other income and dip in provisions. Exit ROAs have improved to 1.0% in Q4FY19 from high focus on improving cost-income, NIMs + fees and lower credit cost. Bank endervours to continue improvement in return ratios from higher productivity, NIMs and maintained credit cost. Deliquencies risks from recent deterioration in certain exposures may deteriorate asset quality (though small), while risk from Agri/SME is still under the woods for the system but the Bank has been able to restrict deliquencies and showcase better recoveries improving the asset quality. We maintain BUY with TP of Rs112 (from Rs102) based on 1.6x multiple as we roll forward to Mar-21 ABV.
Sharekhan
4-Apr-19
Price @ Call: 95.65
Target: 110
BUY
FEDBK currently trades at ~1.2x its FY2021E book value, which we believe is attractive. We introduce our estimates for FY2021E and rollover the price target (PT). We upgrade our rating to Buy with a revised PT of Rs. 110.
Axis Direct
11-Mar-19
Price @ Call: 87.5
Target: 100
BUY
After a quarter of controlled opex, FB faltered, as opex jumped driven by higher staff costs (18/15% YoY/QoQ). Higher staff costs may be attributed in part, to higher provision for post employment benefits (impact of Rs 35-40lac). Other opex too, increased 15/7% (after a 12% sequential increase in 2Q), partly attributable to higher CSR expenses to meet statutory requirement. Consequently, the sequential improvement in the C-I Ratio in Q2 (360bps) was largely eroded (+200bps QoQ) in Q3. We have a BUY with a target of Rs. 100
Nirmal Bang
21-Jan-19
Price @ Call: 89.56
Target: 122
BUY
Geojit Financial Services
21-Jan-19
Price @ Call: 89.8
Target: 99
ACCUMULATE
HDFC Securities
21-Jan-19
Price @ Call: 89.8
Target: 93
NEUTRAL
ICICIdirect.com
18-Jan-19
Price @ Call: 88.65
Target: 110
BUY
LKP Securities Limited
18-Jan-19
Price @ Call: 88.65
Target: 121
BUY
Edelweiss
18-Jan-19
Price @ Call: 88.65
Target: 121
BUY
Motilal Oswal
18-Jan-19
Price @ Call: 88.65
Target: 115
BUY
Prabhudas Lilladher
18-Jan-19
Price @ Call: 88.65
Target: 102
BUY
FEDERALBNK Share Price Target - Broker Reports - 2018
LKP Securities Limited
24-Dec-18
Price @ Call: 94.1
Target: 121
BUY
Axis Direct
27-Nov-18
Price @ Call: 80.79
Target: 103
BUY
Arihant Capital Markets
23-Oct-18
Price @ Call: 79.45
Target: 92
ACCUMULATE
Centrum
23-Oct-18
Price @ Call: 79.45
Target: 85
HOLD
Geojit Financial Services
20-Oct-18
Price @ Call: 79.94
Target: 87
ACCUMULATE
Reliance Securities
17-Oct-18
Price @ Call: 80.78
Target: 141
BUY
Nirmal Bang
19-Oct-18
Price @ Call: 78.55
Target: 117
BUY
HDFC Securities
17-Oct-18
Price @ Call: 80.78
Target: 89
NEUTRAL
Motilal Oswal
17-Oct-18
Price @ Call: 80.78
Target: 105
BUY
Prabhudas Lilladher
16-Oct-18
Price @ Call: 75.7
Target: 102
BUY
Sharekhan
18-Sep-18
Price @ Call: 77.7
Target: 84
HOLD
HDFC Securities
23-Aug-18
Price @ Call: 81.9
Target: 103
NEUTRAL
Centrum
23-Jul-18
Price @ Call: 85.65
Target: 99
HOLD
Arihant Capital Markets
19-Jul-18
Price @ Call: 85.9
Target: 106
ACCUMULATE
Geojit Financial Services
18-Jul-18
Price @ Call: 88.3
Target: 101
ACCUMULATE
ICICIdirect.com
18-Jul-18
Price @ Call: 88.3
Target: 105
BUY
Sharekhan
18-Jul-18
Price @ Call: 88.3
Target: 120
BUY
JM Financial
18-Jul-18
Price @ Call: 88.3
Target: 120
BUY
AnandRathi
18-Jul-18
Price @ Call: 88.3
Target: 112
BUY
HDFC Securities
18-Jul-18
Price @ Call: 88.3
Target: 103
NEUTRAL
Motilal Oswal
18-Jul-18
Price @ Call: 88.3
Target: 110
BUY
Edelweiss
18-Jul-18
Price @ Call: 88.3
Target: 130
BUY
Prabhudas Lilladher
18-Jul-18
Price @ Call: 88.3
Target: 119
BUY
Edelweiss
18-Jun-18
Price @ Call: 83.95
Target: 130
BUY
Nirmal Bang
14-Jun-18
Price @ Call: 86.75
Target: 116
BUY
Arihant Capital Markets
14-May-18
Price @ Call: 89.99
Target: 94
NEUTRAL
Geojit Financial Services
11-May-18
Price @ Call: 89.45
Target: 101
ACCUMULATE
ICICIdirect.com
10-May-18
Price @ Call: 101.15
Target: 105
BUY
HDFC Securities
10-May-18
Price @ Call: 101.15
Target: 102
NEUTRAL
Edelweiss
10-May-18
Price @ Call: 101.15
Target: 130
BUY
Prabhudas Lilladher
10-May-18
Price @ Call: 101.15
Target: 128
BUY
Motilal Oswal
10-May-18
Price @ Call: 101.15
Target: 127
BUY
Reliance Securities
19-Mar-18
Price @ Call: 93.2
Target: 150
BUY
Reliance Securities
12-Mar-18
Price @ Call: 93.8
Target: 150
BUY
Geojit Financial Services
23-Jan-18
Price @ Call: 101.55
Target: 131
BUY
Nirmal Bang
16-Jan-18
Price @ Call: 106.92
Target: 153
BUY
Reliance Securities
17-Jan-18
Price @ Call: 104.75
Target: 150
BUY
HDFC Securities
16-Jan-18
Price @ Call: 106.92
Target: 138
BUY
Arihant Capital Markets
17-Jan-18
Price @ Call: 104.75
Target: 120
ACCUMULATE
Centrum
16-Jan-18
Price @ Call: 113.25
Target: 130
HOLD
Kotak Securities
16-Jan-18
Price @ Call: 113.25
Target: 140
BUY
Edelweiss
16-Jan-18
Price @ Call: 113.25
Target: 152
BUY
Motilal Oswal
16-Jan-18
Price @ Call: 113.25
Target: 149
BUY
Prabhudas Lilladher
15-Jan-18
Price @ Call: 113.91
Target: 134
BUY
Reliance Securities
10-Jan-18
Price @ Call: 115.05
Target: 150
BUY
Indiabulls Ventures
5-Jan-18
Price @ Call: 111.33
Target: 128
BUY
FEDERALBNK Share Price Target - Broker Reports - 2017
Reliance Securities
14-Nov-17
Price @ Call: 114.5
Target: 150
BUY
AnandRathi
13-Nov-17
Price @ Call: 112.35
Target: 140
BUY
Axis Direct
31-Oct-17
Price @ Call: 121.9
Target: 139
BUY
Arihant Capital Markets
23-Oct-17
Price @ Call: 124
Target: 139
HOLD
Prabhudas Lilladher
16-Oct-17
Price @ Call: 121.96
Target: 144
BUY
Geojit Financial Services
18-Oct-17
Price @ Call: 125.85
Target: 142
ACCUMULATE
Motilal Oswal
17-Oct-17
Price @ Call: 124.8
Target: 146
BUY
ICICIdirect.com
17-Oct-17
Price @ Call: 124.8
Target: 140
BUY
Geojit Financial Services
21-Sep-17
Price @ Call: 120.2
Target: 134
BUY
Geojit Financial Services
11-Sep-17
Price @ Call: 111.3
Target: 140
BUY
HDFC Securities
11-Sep-17
Price @ Call: 111.3
Target: 134.5
BUY
Angel Broking
2-Aug-17
Price @ Call: 115
Target: 140
BUY
Motilal Oswal
26-Jul-17
Price @ Call: 115
Target: 139
BUY
Geojit Financial Services
27-Jul-17
Price @ Call: 113
Target: 134
BUY
ICICIdirect.com
27-Jul-17
Price @ Call: 115
Target: 140
BUY
HDFC Securities
27-Jul-17
Price @ Call: 115
Target: 129
BUY
Edelweiss
26-Jul-17
Price @ Call: 115
Target: 134
BUY
Centrum
3-May-17
Price @ Call: 112
Target: 124
BUY
ICICIdirect.com
2-May-17
Price @ Call: 108
Target: 130
BUY
HDFC Securities
28-Apr-17
Price @ Call: 107
Target: 116
BUY
Motilal Oswal
28-Apr-17
Price @ Call: 107
Target: 125
BUY
Kotak Securities
2-May-17
Price @ Call: 113
Target: 120
BUY
Arihant Capital Markets
28-Apr-17
Price @ Call: 107
Target: 122
ACCUMULATE
ICICIdirect.com
13-Apr-17
Price @ Call: 93
Target: 110
BUY
Axis Direct
20-Jan-17
Price @ Call: 78
Target: 96
BUY
ICICIdirect.com
23-Jan-17
Price @ Call: 78
Target: 87
BUY
HDFC Securities
20-Jan-17
Price @ Call: 77
Target: 93
BUY
Arihant Capital Markets
19-Jan-17
Price @ Call: 77
Target: 96
BUY
Prabhudas Lilladher
19-Jan-17
Price @ Call: 77
Target: 86
BUY
Edelweiss
19-Jan-17
Price @ Call: 77
Target: 100
BUY
FEDERALBNK Share Price Target - Broker Reports - 2016
Angel Broking
1-Dec-16
Price @ Call: 71
Target: 85
BUY
Edelweiss
25-Oct-16
Price @ Call: 79.02
Target: 88
BUY
Motilal Oswal
14-Oct-16
Price @ Call: 70.7
Target: 90
BUY
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FEDERALBNK Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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