J.P. Morgan Sticks to Its Buy Rating for State Bank of India (SBIN)
J.P. Morgan analyst Saurabh Kumar maintained a Buy rating on State Bank of India (SBIN – Research Report) yesterday and set a price target of INR965.00. The company's shares closed yesterday at INR805.40.
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Kumar covers the Financial sector, focusing on stocks such as HDFC Bank Limited, ICICI Bank Limited, and RBL Bank Ltd.. According to TipRanks, Kumar has an average return of 3.4% and a 75.00% success rate on recommended stocks.
State Bank of India has an analyst consensus of Moderate Buy, with a price target consensus of INR884.85, implying a 9.86% upside from current levels. In a report released yesterday, CLSA also maintained a Buy rating on the stock with a INR1,050.00 price target.
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