Analysts

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

Equity Analysts

Company Analyst
Alfa-Bank Evgeny Kipnis
Aton Mikhail Ganelin
Bank of America - Merrill Lynch Olga Veselova
BCS Elena Tsareva
Citi Maria Semikhatova
Gazprombank Andrey Klapko
Goldman Sachs Andrey Pavlov-Rusinov
HSBC Andrzej Nowaczek
KBW Hadrien De Belle
Morgan Stanley Neri Tollardo
Renaissance Capital Ivan Kachkovski
Société Générale Alan Webborn
Sova Capital Andrey Mikhailov
Sberbank CIB Andrew Keeley
UBS Bob Kommers
Wood and Co. Can Demir
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 Kseniya 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 1,72 - 24-Apr-18
Citi Hold 1,52 - 17-Aug-18
Goldman Sachs Hold 2,05 - 18-May-18
HSBC Hold 1,26 0,043 31-Aug-18
KBW Hold 1,47 - 21-Jun-18
Morgan Stanley Sell 1,10 - 29-Aug-18
Sberbank CIB Hold 2,00 - 11-May-18
Societe Generale Hold 1,40 - 23-Aug-18
Sova Capital Hold 2,00 - 30-Jan-18
UBS Sell - 0,04 17-May-18
Wood & Company Sell - 0,06 5 мар 18
Alfa-Bank Buy 2,40 0,067 13-Aug-18
Aton Buy 2,50 0,07 02-Aug-18
BCS Hold 2,29 0,071 23-Aug-17
Gazprombank Buy 2,80 0,10 10-Aug-18
Uralsib Hold 2,00 - 28-Jun-18
Renaissance Capital Hold - 0,045 17-sep-18
Average 1,89 0,06

Сonsensus for 1H2018, as well as for the years of 2018–2019 is based on the analytical data from 12 investment banks (HSBC, Goldman Sachs, Morgan Stanley, Societe Generale, Alfa-Bank, BofA – Merrill Lynch, Uralsib, Sberbank CIB, UBS, Citi, BCS, Gazprombank) as of August 8th, 2018.

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.