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SOUTHBANK Share Price Target

South Indian Bank Ltd.
Sector: Banks
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SOUTHBANK Share Price *
11 +0 (0%)
* (quote may be delayed)
SOUTHBANK Share Price Forecast - Consensus
No. of reports in last year
14
No. of analysts
6
Average Consensus Forecast
19.16
Consensus Potential
41.58%

SOUTHBANK Share Price Target - Broker Reports - 2019

Nirmal Bang
29-Jul-19
Price @ Call: 12.98
Target: 15
BUY
We have revised our NII estimates by 0.4%/0.4%, PPOP estimates by 1.2%/0.4% and PAT estimates by -0.3%/2.3% for FY20/FY21, respectively. We have retained Buy rating on SBL, revising our target price on it to Rs15 (from Rs15 earlier) and valuing the stock at 0.5x FY21E P/BV.
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Geojit Financial Services
29-Jul-19
Price @ Call: 12.98
Target: 13.9
HOLD
With the banks focus on improving retail mix, we expect the asset quality to improve going forward. However, we are bit cautious on an increase in SMA2 accounts and we don’t expect a considerable decline in cost of funds in near to medium term. Hence, we reduce our valuation to 0.45x BV of FY21E (from previous 0.5x) with a revised downward target price of Rs13.9 and downgrade our rating to Hold.
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Prabhudas Lilladher
26-Jul-19
Price @ Call: 13.01
Target: 18
BUY
SIB’s earnings were marginally below expectations with PAT at Rs733mn(PLe: Rs890mn) as operating performance is improving only gradually. Provisions came in lower as slippages of Rs2.41bn was lower sequentially which helped stable asset quality but marginally lift PCR to 32.3% (45.1% incl. technical w.off). Bank is closely monitoring some of the dispensation related loans restructured during Kerala floods but does not see large risks from same. Structurally PCR remains lowest in peer group which has to be stepped up, which should be helped by improving operations. We maintain BUY with TP of Rs18 (unchanged) based on 0.8x Mar-21 ABV.
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Nirmal Bang
13-May-19
Price @ Call: 14.05
Target: 20
BUY

Prabhudas Lilladher
10-May-19
Price @ Call: 14.27
Target: 18
BUY

Axis Direct
15-Apr-19
Price @ Call: 17.3
Target: 20
BUY

Geojit Financial Services
11-Feb-19
Price @ Call: 13.4
Target: 17.4
BUY

Nirmal Bang
23-Jan-19
Price @ Call: 14.04
Target: 20
BUY

Motilal Oswal
22-Jan-19
Price @ Call: 14.2
Target: 20
BUY

Prabhudas Lilladher
21-Jan-19
Price @ Call: 15.55
Target: 22
BUY

SOUTHBANK Share Price Target - Broker Reports - 2018

Motilal Oswal
13-Dec-18
Price @ Call: 16.33
Target: 20
BUY

Cholamandalam Securities
22-Oct-18
Price @ Call: 14.31
Target: 22
BUY

Motilal Oswal
17-Oct-18
Price @ Call: 15.02
Target: 20
BUY

Prabhudas Lilladher
16-Oct-18
Price @ Call: 12.6
Target: 22
BUY

Prabhudas Lilladher
24-Jul-18
Price @ Call: 18.89
Target: 26
BUY

Motilal Oswal
24-Jul-18
Price @ Call: 18.6
Target: 26
BUY

Cholamandalam Securities
23-Jul-18
Price @ Call: 22.45
Target: 26
BUY

Edelweiss
23-Jul-18
Price @ Call: 22.45
Target: 28
BUY

Nirmal Bang
23-Jul-18
Price @ Call: 18.89
Target: 26
BUY

Motilal Oswal
16-May-18
Price @ Call: 26.1
Target: 34
BUY

Prabhudas Lilladher
16-May-18
Price @ Call: 26.1
Target: 40
BUY

Edelweiss
15-May-18
Price @ Call: 26.45
Target: 38
BUY

Ventura
17-Apr-18
Price @ Call: 25.2
Target: 36
BUY

Choice Equity Broking
18-Jan-18
Price @ Call: 32.15
Target: 40
BUY

Edelweiss
11-Jan-18
Price @ Call: 32.3
Target: 44
BUY

Prabhudas Lilladher
10-Jan-18
Price @ Call: 33.15
Target: 40
BUY

Motilal Oswal
10-Jan-18
Price @ Call: 32.53
Target: 38
BUY

Cholamandalam Securities
10-Jan-18
Price @ Call: 32.53
Target: 40
BUY

HDFC Securities
1-Jan-18
Price @ Call: 31.05
Target: 41
BUY

SOUTHBANK Share Price Target - Broker Reports - 2017

Edelweiss
12-Oct-17
Price @ Call: 30.7
Target: 40
BUY

Cholamandalam Securities
12-Oct-17
Price @ Call: 30.7
Target: 36
BUY

Dolat Capital
12-Oct-17
Price @ Call: 30.7
Target: 40
BUY

Motilal Oswal
11-Oct-17
Price @ Call: 30.05
Target: 36
BUY

Sharmilajoshi.com
10-Oct-17
Price @ Call: 32.05
Target: 37.5
HOLD

Powermywealth.com
10-Oct-17
Price @ Call: 32.05
Target: 44
HOLD

Choice Equity Broking
17-Jul-17
Price @ Call: 28.6
Target: 36.5
BUY

Kotak Securities
12-Jul-17
Price @ Call: 28.3
Target: 33.3
BUY

Motilal Oswal
12-Jul-17
Price @ Call: 28
Target: 34
BUY

LKP Securities Limited
16-Jun-17
Price @ Call: 29
Target: 35
BUY

Edelweiss
16-May-17
Price @ Call: 25
Target: 35
BUY

Motilal Oswal
16-May-17
Price @ Call: 25
Target: 31
BUY

Axis Direct
19-Jan-17
Price @ Call: 21.23
Target: 24
BUY

Motilal Oswal
12-Jan-17
Price @ Call: 21
Target: 21
NEUTRAL

Prabhudas Lilladher
12-Jan-17
Price @ Call: 21
Target: 25
ACCUMULATE

SOUTHBANK Share Price Target - Broker Reports - 2016

Motilal Oswal
7-Oct-16
Price @ Call: 24
Target: 30
BUY

  • SOUTHBANK - Share Price Target Potential

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    BrokerageTargetPotential
    Nirmal Bang1526.67%
    Geojit Financial Services13.920.86%
    Prabhudas Lilladher1838.89%
    Axis Direct2045.00%
    Motilal Oswal2045.00%