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RBLBANK Share Price Forecast - Consensus

No. of reports in last year
14
No. of analysts
5
Average Consensus Forecast
440.64
Consensus Potential
67.20%

RBLBANK Price Target Potential

BrokerageTargetPotential
Nirmal Bang18834.89%
Motilal Oswal18032.00%
Angel Broking41070.15%
HDFC Securities34864.83%
India Nivesh37066.92%

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RBLBANK Ratings

Long term RBLBANK rating by FrontPage users
4.9/5 (14 Ratings)

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

RBLBANK Share Price Target

RBLBANK Share Price Target - Broker Reports - 2020

8-May-20
Price @ Call: 125.06
Target: 188
BUY
As a result, credit cost is expected to remain elevated but would be driven more by the retail segment than wholesale. Having witnessed significant asset quality challenges, FY20 ROE was 5.6%. Given the near-term outlook, ROE recovery will be delayed. Per se, on the key P&L items, RBL posted 38% YoY NII growth at Rs10,210mn, PPOP growth of 37% YoY at Rs7,649mn and PAT decline of 54% YoY at Rs1,144mn. NII/PPOP were 9%/12% above our estimates while PAT was 60% below our estimate. We revise our FY21/FY22 estimates downward and forecast a lower ROE of 4.9-9.7% over the medium term. Our NII and PPOP revisions are, to some extent, cushioned by a higher NIM (despite weak loan growth) and lower opex growth. Our PAT revision is driven by high credit cost in anticipation of increased stress levels. We maintain BUY on RBL, revising our target price to Rs188 (from Rs243 earlier) and valuing the stock at 0.9x FY22E P/BV.
... Read more
7-May-20
Price @ Call: 132.62
Target: 180
BUY
29-Jan-20
Price @ Call: 340.75
Target: 410
BUY
Outlook & Valuation: RBL Bank’s fresh set of stressed pool would push back ROA of 1.5% to Q2FY2021. However, for the next couple of quarters key monitorable will be no further addition to stress book and BB & Below book. We expect RBL Bank to grow its advances at CAGR of 22% over FY2019-21E. Improvement in CASA, higher share of retail book and in-house priority sector lending will support NIM going forward. At CMP, RBL trades at 1.4x FY21E P/ABV. We maintain our Buy rating with Target Price of Rs 410
... Read more
24-Jan-20
Price @ Call: 333.89
Target: 344
ACCUMULATE
RBL Bank (RBL) reported 3QFY20 results with the key pointers being: (1) Gross slippages continued to be elevated at Rs10.48bn of which Rs7bn were from the identified corporate stress pool (2) Loan growth slowed to 20% YoY while core fee income growth was better at 37% YoY (3) NIM expansion journey continued with NIM at 4.57%, up 22 bps QoQ and 45 bps YoY (4) Cost to income ratio was lower 351bps YoY and 341bps QoQ at 48.1% on account of cost saving initiatives and one offs (See comprehensive conference call takeaways on page 2 for significant incremental colour). Per se, on the key P&L items, RBL posted 41% YoY NII growth at Rs9,227mn, PPOP growth of 47% YoY at Rs7,322mn and PAT decline of 69% YoY at Rs700mn. We have revised our estimates for FY20/FY21/FY22 and revised our rating on RBL to Accumulate, revising our target price to Rs344 (from Rs397 earlier) and valuing the stock at 1.4x H1FY22E P/BV.
... Read more
24-Jan-20
Price @ Call: 333.89
Target: 348
NEUTRAL
Yet again RBK’s PPOP was better than expected, due to sharp NIM improvement and one-off staff cost reversals. PAT was above estimates, even as provisions remained elevated. Slippages remained high, and were mostly from anticipated stress. Maintain NEUTRAL with a TP of Rs 348 (1.5x Dec-21E ABV of Rs 232).
... Read more
23-Jan-20
Price @ Call: 339.1
Target: 415
BUY
RBK’s asset quality remained under pressure with the bank recognizing stress from the identified pool. Management has guided for the remaining stress to be recognized in the coming quarter before earnings begin to normalize from FY21E. However, the sluggish economic environment and RBK’s exposure to BBB/BB & below pool remains a concern. Strong growth in the retail business was led by cards/MFI and the robust margins do provide some cushion to its operating performance. We conservatively cut our earnings estimate for FY20/FY21 by 17%/13%; however, any turnaround in corporate asset quality should drive strong earnings revival and can sway target multiples on the upside. We revise our TP to INR415 (1.7x Sep-21E ABV) after factoring in the capital raise. Maintain Buy.
... Read more

RBLBANK Share Price Target - Broker Reports - 2019

2-Nov-19
Price @ Call: 314.57
Target: 410
BUY
RBL Bank’s fresh set of stressed pool would push back ROA of 1.5% to Q2FY2021. We expect RBL Bank to grow its advances at CAGR of 27% over FY2019-21E. Improvement in CASA, higher share of retail book and in- house priority sector lending will support NIM going forward. At CMP, RBL trades at 1.4x FY21E P/ABV. We maintain our Buy rating with Target Price of Rs 410.
... Read more
23-Oct-19
Price @ Call: 253.82
Target: 370
ACCUMULATE
23-Oct-19
Price @ Call: 286.9
Target: 389
BUY
We have revised our NII estimates by -1.5%/-3.2%/-3.7%, PPOP estimates by -3.1%/1.3%/2.4% and PAT estimates by -10.0%/-5.2%/-4.5% for FY20/FY21/FY22, respectively. We have retained Buy rating on RBL, revising our target price to Rs389 (from Rs463 earlier) and valuing the stock at 1.5x H1FY22E P/BV.
... Read more
7-Aug-19
Price @ Call: 380.3
Target: 463
BUY
RBL’s corporate lending is no basket case, Upgrade to Buy
We have revised our NII estimates by -0.3%/-0.4%, PPOP estimates by -0.4%/-0.6% and PAT estimates by -0.6%/-5.7% for FY20/FY21, respectively. We upgrade RBL to Buy rating, revising our target price to Rs463 (from Rs559 earlier) and valuing the stock at 1.9x FY21E P/BV.
... Read more
23-Jul-19
Price @ Call: 472.49
Target: 640
BUY
Valuation view: RBL has demonstrated strong momentum in business growth and earnings. However the exposure to a few stressed corporate accounts is likely to drive an increase in provisioning expenses and dent the earnings trajectory. We, thus, cut our PAT estimates by 12%/9% for FY20/21 as we factor in higher credit cost of 160bp/140bp for FY20/21 (~100bp in FY19) though robust margins and improving profitability in the cards business will still facilitate 30% earnings CAGR over FY19-21. We revise our TP to INR640 (2.5x FY21E BV). Maintain Buy.
... Read more
23-Jul-19
Price @ Call: 478.05
Target: 650
BUY
Outlook & Valuation: RBL Bank’s fresh set of stressed pool would push back of 1.5% to Q2FY2021. We expect RBL Bank to grow its advances at CAGR of 33% over FY2019-21E. Improvement in CASA, higher share of retail book and inhouse priority sector lending will support NIM going forward. At CMP, RBL trades at 2.3x FY21E P/ABV. We maintain our Buy rating with Target Price of `650 (3x FY21EABV).
... Read more
22-Jul-19
Price @ Call: 500.35
Target: 559
ACCUMULATE
We have revised our NII estimates by -0.6%/-1.0%, PPOP estimates by 0.9%/- 10.3% and PAT estimates by -12.7%/-1.9% for FY20/FY21, respectively. We have retained Accumulate rating on RBL, revising our target price to Rs559 (from Rs696 earlier) and valuing the stock at 2.2x FY21E P/BV.
... Read more
11-Jul-19
Price @ Call: 626.15
Target: 803
BUY
23-Apr-19
Price @ Call: 680.6
Target: 753
BUY
Robust loan growth trajectory and well-maintained asset quality coupled with healthy margins, rapidly growing fee income and expected improvements in opex due to technological up gradation, gives a positive outlook for the bank. Hence, we give the stock a BUY rating, with a target price of INR 753 valuing at 3.1X of FY21E P/ABV. Risks: Asset quality deterioration as the share of relatively riskier segment increases, slower than expected CASA mobilization, exit of any Key Managerial Personnel.
... Read more
23-Apr-19
Price @ Call: 680.6
Target: 775
BUY
We expect RBL Bank to grow its advances at CAGR of 35% over FY2018-20E. Improvement in CASA, higher share of retail book and in- house priority sector lending will support NIM going forward. At CMP, RBL trades at 2.9x FY21E P/ABV, which we believe is attractive considering growth prospects, hence, we recommend BUY with a target price of Rs 775 over the next 12 months.
... Read more
23-Apr-19
Price @ Call: 680.6
Target: 704
ACCUMULATE
We have revised our NII estimates by 0.7%/0.8%, retained our PPOP estimates and revised our PAT estimates by 0.1%/0.2% for FY20/FY21, respectively. We have retained Accumulate rating on RBL, revising our target price to Rs704 (from Rs701 earlier) and valuing the stock at 2.6x FY21E P/BV.
... Read more
22-Apr-19
Price @ Call: 675.01
Target: 800
BUY
With its diversified product portfolio, rising share of high- yielding loans and capable management, RBL is likely to deliver a loan CAGR of 35% over FY19-21. We further expect stable/improving margins on the account of the improving asset mix and the continued asset re-pricing, while operating leverage is likely to improve gradually. We have built in a capital raise of INR30b in FY20, and thus, estimate RBK to report RoA/RoE of 1.3%/13.5% by FY21. We roll forward our estimates to FY21 and revise our target price to INR800 (3.0x FY21E ABV). Maintain Buy.
... Read more
19-Apr-19
Price @ Call: 678.37
Target: 803
BUY
12-Feb-19
Price @ Call: 564.35
Target: 690
BUY
We expect RBL Bank to grow its advances at CAGR of 35% over FY2018-20E. Improvement in CASA, higher share of retail book and in- house priority sector lending would support NIM going forward. At CMP, RBL trades at 3x FY20E P/ABV, which we believe is attractive considering growth prospects, hence, we recommend BUY with a target price of Rs 690 over the next 12 months.
... Read more
2-Feb-19
Price @ Call: 573.09
Target: 675
BUY
1-Feb-19
Price @ Call: 573.09
Target: 626
BUY
29-Jan-19
Price @ Call: 563.7
Target: 660
BUY
29-Jan-19
Price @ Call: 563.7
Target: 650
BUY

RBLBANK Share Price Target - Broker Reports - 2018

10-Dec-18
Price @ Call: 548.85
Target: 660
BUY
30-Oct-18
Price @ Call: 529.26
Target: 591
ACCUMULATE
24-Oct-18
Price @ Call: 464.9
Target: 600
BUY
24-Sep-18
Price @ Call: 541.46
Target: 698
BUY
24-Aug-18
Price @ Call: 594.9
Target: 700
BUY
20-Jul-18
Price @ Call: 572.24
Target: 642
BUY
27-Jul-18
Price @ Call: 568.1
Target: 675
BUY
23-Jul-18
Price @ Call: 576.8
Target: 635
BUY
20-Jul-18
Price @ Call: 555.9
Target: 664
BUY
20-Jul-18
Price @ Call: 555.9
Target: 475
SELL
20-Jul-18
Price @ Call: 555.9
Target: 650
BUY
9-Jul-18
Price @ Call: 562.8
Target: 677
BUY
27-Jun-18
Price @ Call: 557.93
Target: 635
BUY
15-Jun-18
Price @ Call: 558.65
Target: 660
BUY
30-Apr-18
Price @ Call: 533.44
Target: 582
BUY
27-Apr-18
Price @ Call: 538.06
Target: 650
BUY
5-Apr-18
Price @ Call: 487.9
Target: 650
BUY
2-Apr-18
Price @ Call: 476.9
Target: 650
BUY
29-Jan-18
Price @ Call: 507.32
Target: 650
BUY
24-Jan-18
Price @ Call: 536.5
Target: 680
BUY

RBLBANK Share Price Target - Broker Reports - 2017

1-Nov-17
Price @ Call: 527.38
Target: 620
BUY
26-Oct-17
Price @ Call: 524.45
Target: 665
BUY
16-Oct-17
Price @ Call: 521.09
Target: 651
BUY
1-Aug-17
Price @ Call: 535
Target: 591
ACCUMULATE
26-Jul-17
Price @ Call: 529
Target: 620
BUY
14-Apr-17
Price @ Call: 560.2
Target: 350
SELL
20-Jan-17
Price @ Call: 368
Target: 450
BUY

RBLBANK Share Price Target - Broker Reports - 2016

18-Nov-16
Price @ Call: 307.55
Target: 378
BUY
27-Dec-16
Price @ Call: 329.85
Target: 393
BUY
11-Nov-16
Price @ Call: 378
Target: 450
BUY
21-Oct-16
Price @ Call: 327.74
Target: 365
BUY
1-Sep-16
Price @ Call: 299.3
Target: 325
BUY
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  • RBLBANK Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3133.93
    Upside Target 2131.12
    Upside Target 1128.68
    Pivot125.87
    Downside Target 1123.43
    Downside Target 2120.62
    Downside Target 3118.18
  • RBLBANK Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3152.1
    Upside Target 2144.95
    Upside Target 1135.6
    Pivot128.45
    Downside Target 1119.1
    Downside Target 2111.95
    Downside Target 3102.6
  • RBLBANK Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3168
    Upside Target 2152.5
    Upside Target 1136.5
    Pivot121
    Downside Target 1105
    Downside Target 289.5
    Downside Target 373.5
  • RBLBANK Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3131.12
    Upside Target 2129.11
    Upside Target 1127.87
    Pivot125.87
    Downside Target 1123.86
    Downside Target 2122.62
    Downside Target 3120.62
  • RBLBANK Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3144.95
    Upside Target 2138.65
    Upside Target 1134.75
    Pivot128.45
    Downside Target 1122.15
    Downside Target 2118.25
    Downside Target 3111.95
  • RBLBANK Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3152.5
    Upside Target 2140.47
    Upside Target 1133.03
    Pivot121
    Downside Target 1108.97
    Downside Target 2101.53
    Downside Target 389.5
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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