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UNIONBANK Share Price Target

Union Bank of India
Sector: Banks
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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.
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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’.
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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.
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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

  • UNIONBANK - Share Price Target Potential

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    BrokerageTargetPotential
    Geojit Financial Services8836.08%
    Edelweiss9037.50%
    Indiabulls Ventures8533.82%