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SBIN Share Price Target
State Bank of India
Sector: Banks
Sector: Banks
SBIN Share Price *
258.3 +2.85 (1.12%)
* (quote may be delayed)
SBIN Share Price Forecast - Consensus
| No. of reports in last year | 36 |
| No. of analysts | 18 |
| Average Consensus Forecast | 367.50 |
| Consensus Potential | 30.12% |
SBIN Share Price Target - Broker Reports - 2019
Sushil Finance
11-Sep-19
Price @ Call: 283.13
Target: 352
BUY
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.
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.
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).
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).
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.
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.
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
Core operating performance is expected to improve in FY20E. NPL recovery in IBC cases and gains from subsidiaries stake sale would push return ratios in FY20. We expect an ROA of 60bp in FY20E and 80bp in FY21E. We reiterate Accumulate with revised TP of INR 352 from INR 332 and determine SBI (standalone banking entity) value at INR 274 from INR 257 at 1.3x (unchanged) one-year forward P/ABV and INR 78 (from INR 75) towards key subsidiaries.
KRChoksey
16-May-19
Price @ Call: 311.6
Target: 351
ACCUMULATE
State Bank of India is currently trading at a P/Adj.BV multiple of 1.16x/1.04x on FY20E/FY21E book value and we expect the valuation of the bank to improve on back of its improving ROE outlook and asset quality metrics. The bank’s expanding retail franchisee supports asset yields on back of high margin lending opportunities in home loan segment, while bank’s fee Income engines gain momentum over time. We apply a P/Adj.BV multiple of 1.33x to the FY21 adj. BVPS of INR 183 and arrive at a target price of INR 351 per share using SOTP approach, an upside of 14.3% over the CMP. Accordingly, we assign an “Accumulate” rating.
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