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
Citi Simon Nellis
Gazprombank Andrey Klapko
HSBC Andrzej Nowaczek
KBW Hadrien De Belle
Société Générale Alan Webborn
Sova Capital Andrey Mikhailov
Sberbank CIB Andrew Keeley
Uralsib Natalia Berezina
Morgan Stanley Nida Iqbal Siddiqi
Renaissance Capital Ilan Stermer

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
Citi Hold 1.52 - 17 August 2018
Morgan Stanley Hold 1.30 - 7 April 2021
Goldman Sachs (coverage suspended)
HSBC Buy 1.62 0.060 4 May 2021
KBW Hold 1.47 - 21 June 2018
Sberbank CIB Hold 1.20 - 26 February 2021
Societe Generale Hold 1.30 - 21 April 2021
Sova Capital Buy 1.50 - 20 May 2020
Alfa-Bank Hold 1.20 0.040 19 August 2020
BCS Hold 1.30 0.046 28 July 2020
Gazprombank Buy 1.73 0.063 1 April 2021
Uralsib Hold 2.00 - 9 January 2020
Renaissance Capital Hold - 0.054 7 May 2021
Aton Buy - 0.052 9 December 2020
Average 1.47 0.053

Сonsensus for 1Q’2021, as well as for the years 2021–2023 based on analytical data from 10 investment banks (HSBC, Societe Generale, Alfa-Bank, Uralsib, Sberbank CIB, BCS, Gazprombank, RenCap, Morgan Stanley, Aton) as of April 16, 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.