Analysts

Below you may find analyst recommendations and target prices. VTB is covered by the following analysts:

Equity Analysts

Company Analyst
Aton Mikhail Ganelin
Bank of America - Merrill Lynch Olga Veselova
Citi Maria Semikhatova
Gazprombank Andrey Klapko
Goldman Sachs Andrey Pavlov-Rusinov
HSBC Andrzei Nowaczek
KBW Hadrien De Belle
Morgan Stanley Neri Tollardo
Société Générale Alan Webborn
Sberbank CIB Andrew Keeley
Uralsib Natalia Berezina

Credit Analysts

Company Analyst
BNP Paribas Tatiana Tchembarova
Commerzbank Apostolos Bantis
J.P. Morgan Bank Maxim Miller
Bank of America - Merrill Lynch Kay Hope
UBS Ksenia Mishankina
Raiffeisenbank Denis Poryvay

The forecasts are provided to VTB by contributing investment analysts, and are, as such, publicly available information. These forecasts are not, in any way, based on VTB proprietary forecasts, not endorsed by VTB, neither does VTB assume any obligation to revise them to reflect circumstances arising after the date below.

Investment Bank Recommendation Target price of GDR, USD Target price of ordinary share, RUB Update
BofA-Merrill Lynch Sell 1,92 - 27-Feb-18
Citi Hold 2,16 - 26-Jan-18
Goldman Sachs Hold 2,10 - 27-Feb-18
HSBC Hold - 0,053 09-Jan-18
KBW Hold 1,47 - 30-Nov-17
Morgan Stanley Hold 1,76
- 11-Apr-18
Sberbank CIB Hold 2,20 - 30-Oct-17
Societe Generale Hold 2,20 - 27-Feb-18
Alfa-Bank Buy - 0,068 18-May-16
Aton Buy - 0,07 28-Feb-18
BCS Hold 2,29 0,071 23-Aug-17
Gazprombank Buy - 0,078 27-Feb-18
Uralsib Hold 2,00 - 31-Jan-17
Average 2,01 0,07

Сonsensus for the 3Q and 9M 2017, as well as for the years of 2017–2019 is based on the analytical data from 12 investment banks (Morgan Stanley, Sberbank CIB, JP Morgan, HSBC, Citi, BCS, Uralsib, Societe Generale, BofA – Merrill Lynch, Veles Capital, Gazprombank and ATON) as of November 8th, 2017.

The forecasts are provided to VTB by contributing investment analysts, and are, as such, publicly available information. These forecasts are not, in any way, based on VTB proprietary forecasts, not endorsed by VTB, neither does VTB assume any obligation to revise them to reflect circumstances arising after the date below. The consensus data below is compiled and updated by VTB’s Investor Relations and aggregates estimates of publicly available forecasts made by contributing sell side investment analysts.