forum
UNIONBANK Share Price Target
Union Bank of India
Sector: Banks
Sector: Banks
UNIONBANK Share Price *
56.85 +0.6 (1.07%)
* (quote may be delayed)
UNIONBANK Share Price Forecast - Consensus
| No. of reports in last year | 4 |
| No. of analysts | 3 |
| Average Consensus Forecast | 93.25 |
| Consensus Potential | 39.07% |
UNIONBANK Share Price Target - Broker Reports - 2019
Geojit Financial Services
28-Jan-19
Price @ Call: 79.45
Target: 88
HOLD
A Quarter with Stable Numbers... Deposits grew by 2.2% (YoY) with CASA portfolio registering a growth of ~5.5% during the same period. GNPA & NNPA decreased by 8bps and 85bps at 15.7%& 8.4% resp. NIM witnessed an improvement of 5bps while NII de- grew by 2% on a YoY basis. Advances de-grew by 1% while deposits increased by 1% (YoY) We factor 16% CAGR in loan book and 20% CAGR in NII over FY19E21E. We value Union Bank at 0.4x FY21E book value and recommend hold with a target price of Rs88.
Edelweiss
22-Jan-19
Price @ Call: 84.75
Target: 90
HOLD
UNIONBANK Share Price Target - Broker Reports - 2018
Indiabulls Ventures
30-Oct-18
Price @ Call: 69.75
Target: 85
BUY
Edelweiss
30-Oct-18
Price @ Call: 69.75
Target: 110
HOLD
Union Bank of India’s (UNBK) Q2FY19 results are characterised by an improving asset quality trend even as business momentum continues to be soft. Key highlights: A) Slippages were restricted to INR26.7bn (3.6% versus >6% over last six quarters). Furthermore, higher recoveries edged down GNPLs. Going forward, the recovery trend (NCLT cases) and slippages in the power sector (only 26% recognised, much lower than peers) would be the key variables. B) From a business perspective, momentum remains soft (loan growth flat YoY), leading to softer NII (up <8% YoY), but lower opex lent support. Factoring lower treasury profits we prune our FY19 EPS by 12%. We believe dilution risks (CET1 at 7.5%) and structural challenges would persist for midsized PSU banks. Hence, we expect UNBK’s valuation to remain under pressure. Maintain ‘HOLD’.
Kotak Securities
13-Aug-18
Price @ Call: 85.45
Target: 120
ADD
Sharekhan
13-Aug-18
Price @ Call: 86.53
Target: 80
REDUCE
Asset quality deteriorates, outlook remains murky. UNBK is available at low <1x FY2019E book value, which is a reflection of its weak asset-quality outlook that could further result in subdued bottom-line numbers. We maintain our Reduce rating on the stock with an unchanged price target (PT) of Rs. 80.
Prabhudas Lilladher
10-Aug-18
Price @ Call: 86.53
Target: 79
REDUCE
Prabhudas Lilladher
11-May-18
Price @ Call: 87.65
Target: 79
REDUCE
Edelweiss
11-May-18
Price @ Call: 86.2
Target: 110
HOLD
Sharekhan
10-May-18
Price @ Call: 91.85
Target: 80
REDUCE
Edelweiss
6-Feb-18
Price @ Call: 126.5
Target: 145
HOLD
Motilal Oswal
3-Feb-18
Price @ Call: 129.12
Target: 145
NEUTRAL
UNIONBANK Share Price Target - Broker Reports - 2017
Sharekhan
13-Nov-17
Price @ Call: 170.17
Target: 210
HOLD
Motilal Oswal
4-Nov-17
Price @ Call: 172.53
Target: 175
NEUTRAL
KRChoksey
17-Aug-17
Price @ Call: 133.4
Target: 147
BUY
Motilal Oswal
11-Aug-17
Price @ Call: 134.45
Target: 140
NEUTRAL
Axis Direct
14-Feb-17
Price @ Call: 145.45
Target: 136
SELL
KRChoksey
10-Feb-17
Price @ Call: 150
Target: 166
ACCUMULATE
Edelweiss
9-Feb-17
Price @ Call: 155.97
Target: 160
HOLD
Religare
8-Feb-17
Price @ Call: 166.55
Target: 110
SELL
UNIONBANK Share Price Target - Broker Reports - 2016
KRChoksey
7-Nov-16
Price @ Call: 134
Target: 156
ACCUMULATE
Motilal Oswal
4-Nov-16
Price @ Call: 134
Target: 160
BUY
Reliance Securities
9-Aug-16
Price @ Call: 129.75
Target: 144
HOLD
Religare
16-May-16
Price @ Call: 115.95
Target: 115
SELL