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SBIN Share Price Target

State Bank of India
Sector: Banks
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SBIN Share Price *
283 -3.85 (-1.34%)
* (quote may be delayed)
SBIN Share Price Forecast - Consensus
No. of reports in last year
36
No. of analysts
17
Average Consensus Forecast
367.11
Consensus Potential
21.44%

SBIN Share Price Target - Broker Reports - 2019

Motilal Oswal
6-Aug-19
Price @ Call: 301.06
Target: 380
BUY
After reporting a benign slippage rate over the past few quarters, SBIN has again reported an increase in slippage trajectory, reflecting the deterioration in the underlying lending environment. The bank has lowered its guidance on core RoA to ~0.6% (excluding NCLT write-backs) and increased the credit cost guidance to 1.4% for FY20. We cut our FY20/21 earnings estimates by 14%/11% to factor in higher credit cost/slippages. The bank’s core operating profitability is likely to improve, led by expansion in margins and cost control, which will help mitigate some credit cost pressures. We, thus, revise our target price to INR 380 (1.2x FY21E ABV). Maintain Buy.
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ICICIdirect.com
5-Aug-19
Price @ Call: 308.45
Target: 400
BUY
The management continues to be confident that balance sheet has been repaired & guides for strong recovery (~| 17000 crore) and modest target of 12% credit growth. We factor in fresh fund raising of | 20000 crore in H2FY20E. We marginally raise slippages, thereby leading to higher provision which impacts our PAT estimates by ~12%/5% in FY20E/21E respectively. We maintain target price at | 400, valuing core bank at 1.5x FY21E ABV & subsidiary at |90, post 10% holdco discount, factoring in <2% slippage ratio, 0.6% RoA (vs.0.8% earlier) & 10-12% RoE guidance by management.
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Nirmal Bang
5-Aug-19
Price @ Call: 308.45
Target: 370
BUY
We have revised our NII estimates by 3.2%/3.2%, PPOP estimates by -0.5%/-2.9% and PAT estimates by -17.2%/-5.1% for FY20/FY21, respectively. We have valued the standalone entity at 0.9x FY21E P/ABV, ascribing a value of Rs83 for subsidiaries and revising our target price on it to Rs370 (from Rs430 earlier).
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HDFC Securities
5-Aug-19
Price @ Call: 297.02
Target: 398
BUY
SBIN’s mostly in line operating performance in 1QFY20 was marred by higher than expected slippages. Additional stress and slower resolutions will delay the expected RoAA improvement. Maintain BUY. Our SOTP (1.3x Jun- 21E ABV of Rs 228 + Rs 101 sub value) is Rs 398. After sustained improvement over FY19, SBIN disappointed on asset quality in 1QFY20. Slower than expected resolution in NCLT cases, a buildup in anticipated stress and deteriorating macros are likely to postpone RoAA improvement (as credit costs rise). Our earnings estimates are highly sensitive to asset resolution outcomes. Nevertheless, the worst is long behind SBIN (in terms of asset quality).
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Sharekhan
2-Aug-19
Price @ Call: 315.05
Target: 380
BUY
SBI trades at 1.3x its FY2021E book value, which we believe is reasonable considering it to have better operating metrics in the PSU space. We have been conservative in our estimates, and, so, while the bank has revised its credit cost/ROA outlook, we maintain our FY2020E/ FY2021E earnings. Thus, we maintain our Buy rating on the stock with a revised PT of Rs. 380.
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Prabhudas Lilladher
2-Aug-19
Price @ Call: 315.05
Target: 369
BUY
The incremental stress creates higher potential risk to asset quality and provisions impacting improvement in earnings, while stress from non-corporate also remains high especially Agri/SME. We factor in marginal hits to asset quality & earnings (increase CC to 195bps from 140bps for FY20) with revised TP of Rs369 (from Rs427) and retain BUY with valuations still being reasonable at 1.1x core ABV.
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Motilal Oswal
2-Aug-19
Price @ Call: 315.05
Target: 380
BUY

Indiabulls Ventures
26-Jun-19
Price @ Call: 356.5
Target: 435
BUY

Elara Capital
17-May-19
Price @ Call: 315.2
Target: 352
ACCUMULATE

KRChoksey
16-May-19
Price @ Call: 311.6
Target: 351
ACCUMULATE

ICICIdirect.com
14-May-19
Price @ Call: 306.75
Target: 400
BUY

HDFC Securities
14-May-19
Price @ Call: 306.75
Target: 383
BUY

Reliance Securities
14-May-19
Price @ Call: 306.75
Target: 390
BUY

Kotak Securities
13-May-19
Price @ Call: 308.05
Target: 410
BUY

Motilal Oswal
13-May-19
Price @ Call: 308.05
Target: 380
BUY

Sharekhan
13-May-19
Price @ Call: 308.05
Target: 390
BUY

Nirmal Bang
13-May-19
Price @ Call: 308.05
Target: 373
BUY

Prabhudas Lilladher
10-May-19
Price @ Call: 302.69
Target: 427
BUY

Rudra Shares & Stocks Brokers
15-Mar-19
Price @ Call: 291.15
Target: 319
BUY

ICICIdirect.com
11-Mar-19
Price @ Call: 286.8
Target: 340
BUY

Dolat Capital
8-Feb-19
Price @ Call: 284.82
Target: 320
ACCUMULATE

Edelweiss
5-Feb-19
Price @ Call: 285.11
Target: 353
BUY

Axis Direct
4-Feb-19
Price @ Call: 281.98
Target: 380
BUY

ICICIdirect.com
4-Feb-19
Price @ Call: 281.98
Target: 340
BUY

Motilal Oswal
4-Feb-19
Price @ Call: 284.3
Target: 340
BUY

Reliance Securities
4-Feb-19
Price @ Call: 284.3
Target: 340
BUY

Prabhudas Lilladher
1-Feb-19
Price @ Call: 291.97
Target: 361
BUY

Centrum
11-Jan-19
Price @ Call: 303.15
Target: 350
BUY

Indiabulls Ventures
8-Jan-19
Price @ Call: 295.7
Target: 345
BUY

SBIN Share Price Target - Broker Reports - 2018

Geojit Financial Services
26-Dec-18
Price @ Call: 291.28
Target: 345
BUY

Motilal Oswal
19-Dec-18
Price @ Call: 292.55
Target: 360
BUY

HDFC Securities
6-Nov-18
Price @ Call: 289.73
Target: 352
BUY

Motilal Oswal
6-Nov-18
Price @ Call: 289.73
Target: 370
BUY

ICICIdirect.com
6-Nov-18
Price @ Call: 289.73
Target: 340
BUY

Prabhudas Lilladher
6-Nov-18
Price @ Call: 292.13
Target: 355
BUY

Edelweiss
28-Sep-18
Price @ Call: 267.3
Target: 338
BUY

Motilal Oswal
13-Aug-18
Price @ Call: 304.45
Target: 360
BUY

HDFC Securities
13-Aug-18
Price @ Call: 304.45
Target: 340
BUY

ICICIdirect.com
13-Aug-18
Price @ Call: 296.73
Target: 340
BUY

Prabhudas Lilladher
10-Aug-18
Price @ Call: 313.02
Target: 349
BUY

Sharekhan
10-Aug-18
Price @ Call: 313.02
Target: 340
BUY

Indiabulls Ventures
27-Jun-18
Price @ Call: 263.73
Target: 302
BUY

Prabhudas Lilladher
23-May-18
Price @ Call: 250.3
Target: 349
BUY

Sharekhan
23-May-18
Price @ Call: 250.3
Target: 325
BUY

Motilal Oswal
23-May-18
Price @ Call: 250.3
Target: 365
BUY

Edelweiss
23-May-18
Price @ Call: 265.07
Target: 350
BUY

Prabhudas Lilladher
20-Mar-18
Price @ Call: 248.1
Target: 341
BUY

Edelweiss
20-Mar-18
Price @ Call: 248.1
Target: 414
BUY

Axis Direct
16-Feb-18
Price @ Call: 273.58
Target: 350
BUY

Edelweiss
12-Feb-18
Price @ Call: 296.4
Target: 420
BUY

Prabhudas Lilladher
9-Feb-18
Price @ Call: 297.76
Target: 350
BUY

Motilal Oswal
9-Feb-18
Price @ Call: 297.76
Target: 375
BUY

SBIN Share Price Target - Broker Reports - 2017

Prabhudas Lilladher
14-Dec-17
Price @ Call: 313.25
Target: 386
BUY

ICICIdirect.com
28-Nov-17
Price @ Call: 335.25
Target: 390
BUY

HDFC Securities
23-Nov-17
Price @ Call: 335.2
Target: 373
BUY

Axis Direct
16-Nov-17
Price @ Call: 329.88
Target: 380
BUY

Reliance Securities
14-Nov-17
Price @ Call: 330.25
Target: 370
BUY

Nirmal Bang
13-Nov-17
Price @ Call: 337.83
Target: 386
BUY

Motilal Oswal
11-Nov-17
Price @ Call: 326.1
Target: 415
BUY

Powermywealth.com
23-Aug-17
Price @ Call: 274.1
Target: 360
HOLD

ICICIdirect.com
14-Aug-17
Price @ Call: 280.65
Target: 340
BUY

Edelweiss
14-Aug-17
Price @ Call: 280.65
Target: 341
BUY

Reliance Securities
18-Jul-17
Price @ Call: 292.25
Target: 355
BUY

ICICIdirect.com
18-Jul-17
Price @ Call: 295
Target: 340
BUY

Motilal Oswal
22-May-17
Price @ Call: 308.15
Target: 375
BUY

ICICIdirect.com
22-May-17
Price @ Call: 298
Target: 335
BUY

HDFC Securities
22-May-17
Price @ Call: 308
Target: 348
BUY

ICICIdirect.com
17-Apr-17
Price @ Call: 289
Target: 335
BUY

Axis Direct
20-Mar-17
Price @ Call: 277
Target: 320
BUY

ICICIdirect.com
22-Feb-17
Price @ Call: 272
Target: 314
BUY

Axis Direct
17-Feb-17
Price @ Call: 276
Target: 320
BUY

Geojit Financial Services
16-Feb-17
Price @ Call: 270
Target: 315
BUY

ICICIdirect.com
13-Feb-17
Price @ Call: 272
Target: 310
BUY

KRChoksey
13-Feb-17
Price @ Call: 273
Target: 334
ACCUMULATE

HDFC Securities
13-Feb-17
Price @ Call: 276
Target: 310
BUY

Motilal Oswal
10-Feb-17
Price @ Call: 276
Target: 350
BUY

ICICIdirect.com
3-Jan-17
Price @ Call: 245.4
Target: 310
BUY

SBIN Share Price Target - Broker Reports - 2016

Systematix Shares & Stocks
8-Dec-16
Price @ Call: 259.4
Target: 285
BUY

Geojit Financial Services
17-Nov-16
Price @ Call: 278
Target: 310
BUY

Khambatta Securities
16-Nov-16
Price @ Call: 274
Target: 315
BUY

ICICIdirect.com
16-Nov-16
Price @ Call: 278
Target: 310
BUY

Centrum
15-Nov-16
Price @ Call: 273
Target: 310
BUY

KRChoksey
15-Nov-16
Price @ Call: 273
Target: 334
BUY

Religare
15-Nov-16
Price @ Call: 278.45
Target: 235
SELL

Axis Direct
15-Nov-16
Price @ Call: 273
Target: 320
BUY

Prabhudas Lilladher
14-Nov-16
Price @ Call: 273
Target: 315
BUY

Geojit Financial Services
23-Sep-16
Price @ Call: 257.35
Target: 284
BUY

Geojit Financial Services
22-Aug-16
Price @ Call: 259
Target: 284
BUY

Motilal Oswal
19-Aug-16
Price @ Call: 257.45
Target: 290
BUY

Axis Direct
16-Aug-16
Price @ Call: 243
Target: 285
BUY

Prakashgaba.com
12-Jul-16
Price @ Call: 226.45
Target: 240
HOLD

Motilal Oswal
7-Jun-16
Price @ Call: 206.35
Target: 245
BUY

Khambatta Securities
1-Jun-16
Price @ Call: 198
Target: 267
BUY

Edelweiss
27-May-16
Price @ Call: 196
Target: 261
BUY

  • SBIN - Share Price Target Potential

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    BrokerageTargetPotential
    Motilal Oswal38024.51%
    ICICIdirect.com40028.29%
    Nirmal Bang37022.47%
    HDFC Securities39827.93%
    Sharekhan38024.51%