HDFC Securities is bullish on Bank of Baroda has recommended buy rating on the stock with a target price of Rs 208 in its research report dated February 13, 2017.
HDFC Securities' research report on Bank of Baroda
We like its focus on profitable growth, higher CRAR, superior PCR, diversified book and lower stressed assets. We expect ROAA to improve 35bps to 0.63% by FY19, with further upside risk to our conservative estimates on growth, NIM and LLP. Maintain BUY with TP of Rs 208 (1.4x Dec-18 ABV of Rs 149).
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