Analysts

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

Equity Analysts

Company Analyst
Alfa-Bank Evgeny Kipnis
Aton Mikhail Ganelin
BCS Elena Tsareva
Goldman Sachs Mikhail Butkov
HSBC Andrzej Nowaczek
Société Générale Alan Webborn
Sova Capital Andrey Mikhailov
Sberbank CIB Andrew Keeley
Uralsib Natalia Berezina
Morgan Stanley Nida Iqbal Siddiqi
Renaissance Capital Ilan Stermer
Sinara Financial Corporation Olga Naidenova

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
Morgan Stanley Hold 1.95 - 24 November 2021
Goldman Sachs Neutral 1.56 - 28 October 2021
HSBC Buy 2.06 0.072 28 October 2021
Sberbank CIB Hold 1.55 - 3 August 2021
Societe Generale Hold 1.50 - 1 November 2021
Sova Capital Buy 0.090 5 July 2021
Alfa-Bank Buy 2.40 0.092 13 December 2021
BCS Hold 1.30 0.046 28 July 2020
Gazprombank (coverage suspended) 1 June 2021
Uralsib Hold 2.00 - 9 January 2020
Renaissance Capital Hold - 0.056 24 January 2022
Aton Buy - 0.065 28 October 2021
Sinara FC Buy - 0.080 28 October 2021
Average 1.80 0.070

Сonsensus for 3Q’2021 and 9M, as well as for the years 2021–2023 based on analytical data from 12 investment banks (HSBC, Morgan Stanley, Renaissance Capital, Uralsib, Sberbank CIB, Societe Generale, BCS, Alfa-Bank, Aton, Goldman Sachs, Sinara Group, Sova Capital) as of October 25, 2021.

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.