4 days ago
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.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
