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SOUTHBANK Share Price Target
South Indian Bank Ltd.
Sector: Banks
Sector: Banks
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.
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.
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.
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