forum

FEDERALBNK Share Price Target

Federal Bank Ltd.
Sector: Banks
... Read more
FEDERALBNK Share Price *
84.6 +0.85 (1.01%)
* (quote may be delayed)
FEDERALBNK Share Price Forecast - Consensus
No. of reports in last year
39
No. of analysts
17
Average Consensus Forecast
114.51
Consensus Potential
25.71%

FEDERALBNK Share Price Target - Broker Reports - 2019

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.
... Read more

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).
... Read more

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.
... Read more

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).
... Read more

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.
... Read more

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%.
... Read more

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).
... Read more

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.
... Read more

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.
... Read more

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.
... Read more

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).
... Read more

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.
... Read more

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.
... Read more

ICICIdirect.com
7-May-19
Price @ Call: 100.08
Target: 125
BUY

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.
... Read more

Kotak Securities
6-May-19
Price @ Call: 97.75
Target: 130
BUY

Motilal Oswal
6-May-19
Price @ Call: 97.75
Target: 120
BUY

Prabhudas Lilladher
5-May-19
Price @ Call: 96.66
Target: 112
BUY

Sharekhan
4-Apr-19
Price @ Call: 95.65
Target: 110
BUY

Axis Direct
11-Mar-19
Price @ Call: 87.5
Target: 100
BUY

HDFC Securities
21-Jan-19
Price @ Call: 89.8
Target: 93
NEUTRAL

Geojit Financial Services
21-Jan-19
Price @ Call: 89.8
Target: 99
ACCUMULATE

Nirmal Bang
21-Jan-19
Price @ Call: 89.56
Target: 122
BUY

Prabhudas Lilladher
18-Jan-19
Price @ Call: 88.65
Target: 102
BUY

Motilal Oswal
18-Jan-19
Price @ Call: 88.65
Target: 115
BUY

Edelweiss
18-Jan-19
Price @ Call: 88.65
Target: 121
BUY

LKP Securities Limited
18-Jan-19
Price @ Call: 88.65
Target: 121
BUY

ICICIdirect.com
18-Jan-19
Price @ Call: 88.65
Target: 110
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

Nirmal Bang
19-Oct-18
Price @ Call: 78.55
Target: 117
BUY

Motilal Oswal
17-Oct-18
Price @ Call: 80.78
Target: 105
BUY

HDFC Securities
17-Oct-18
Price @ Call: 80.78
Target: 89
NEUTRAL

Reliance Securities
17-Oct-18
Price @ Call: 80.78
Target: 141
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

Sharekhan
18-Jul-18
Price @ Call: 88.3
Target: 120
BUY

ICICIdirect.com
18-Jul-18
Price @ Call: 88.3
Target: 105
BUY

Geojit Financial Services
18-Jul-18
Price @ Call: 88.3
Target: 101
ACCUMULATE

Prabhudas Lilladher
18-Jul-18
Price @ Call: 88.3
Target: 119
BUY

Edelweiss
18-Jul-18
Price @ Call: 88.3
Target: 130
BUY

Motilal Oswal
18-Jul-18
Price @ Call: 88.3
Target: 110
BUY

HDFC Securities
18-Jul-18
Price @ Call: 88.3
Target: 103
NEUTRAL

AnandRathi
18-Jul-18
Price @ Call: 88.3
Target: 112
BUY

JM Financial
18-Jul-18
Price @ Call: 88.3
Target: 120
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

Motilal Oswal
10-May-18
Price @ Call: 101.15
Target: 127
BUY

Prabhudas Lilladher
10-May-18
Price @ Call: 101.15
Target: 128
BUY

Edelweiss
10-May-18
Price @ Call: 101.15
Target: 130
BUY

HDFC Securities
10-May-18
Price @ Call: 101.15
Target: 102
NEUTRAL

ICICIdirect.com
10-May-18
Price @ Call: 101.15
Target: 105
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

Arihant Capital Markets
17-Jan-18
Price @ Call: 104.75
Target: 120
ACCUMULATE

Reliance Securities
17-Jan-18
Price @ Call: 104.75
Target: 150
BUY

Motilal Oswal
16-Jan-18
Price @ Call: 113.25
Target: 149
BUY

Edelweiss
16-Jan-18
Price @ Call: 113.25
Target: 152
BUY

Kotak Securities
16-Jan-18
Price @ Call: 113.25
Target: 140
BUY

Centrum
16-Jan-18
Price @ Call: 113.25
Target: 130
HOLD

HDFC Securities
16-Jan-18
Price @ Call: 106.92
Target: 138
BUY

Nirmal Bang
16-Jan-18
Price @ Call: 106.92
Target: 153
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

Geojit Financial Services
18-Oct-17
Price @ Call: 125.85
Target: 142
ACCUMULATE

ICICIdirect.com
17-Oct-17
Price @ Call: 124.8
Target: 140
BUY

Motilal Oswal
17-Oct-17
Price @ Call: 124.8
Target: 146
BUY

Prabhudas Lilladher
16-Oct-17
Price @ Call: 121.96
Target: 144
BUY

Geojit Financial Services
21-Sep-17
Price @ Call: 120.2
Target: 134
BUY

HDFC Securities
11-Sep-17
Price @ Call: 111.3
Target: 134.5
BUY

Geojit Financial Services
11-Sep-17
Price @ Call: 111.3
Target: 140
BUY

Angel Broking
2-Aug-17
Price @ Call: 115
Target: 140
BUY

HDFC Securities
27-Jul-17
Price @ Call: 115
Target: 129
BUY

ICICIdirect.com
27-Jul-17
Price @ Call: 115
Target: 140
BUY

Geojit Financial Services
27-Jul-17
Price @ Call: 113
Target: 134
BUY

Edelweiss
26-Jul-17
Price @ Call: 115
Target: 134
BUY

Motilal Oswal
26-Jul-17
Price @ Call: 115
Target: 139
BUY

Centrum
3-May-17
Price @ Call: 112
Target: 124
BUY

Kotak Securities
2-May-17
Price @ Call: 113
Target: 120
BUY

ICICIdirect.com
2-May-17
Price @ Call: 108
Target: 130
BUY

Arihant Capital Markets
28-Apr-17
Price @ Call: 107
Target: 122
ACCUMULATE

Motilal Oswal
28-Apr-17
Price @ Call: 107
Target: 125
BUY

HDFC Securities
28-Apr-17
Price @ Call: 107
Target: 116
BUY

ICICIdirect.com
13-Apr-17
Price @ Call: 93
Target: 110
BUY

ICICIdirect.com
23-Jan-17
Price @ Call: 78
Target: 87
BUY

HDFC Securities
20-Jan-17
Price @ Call: 77
Target: 93
BUY

Axis Direct
20-Jan-17
Price @ Call: 78
Target: 96
BUY

Edelweiss
19-Jan-17
Price @ Call: 77
Target: 100
BUY

Prabhudas Lilladher
19-Jan-17
Price @ Call: 77
Target: 86
BUY

Arihant Capital Markets
19-Jan-17
Price @ Call: 77
Target: 96
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

  • FEDERALBNK - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Joindre Capital Services12533.00%
    Axis Direct11426.54%
    Geojit Financial Services11023.86%
    Reliance Securities12030.21%
    HDFC Securities11728.42%