St. George Bank Stock Recommendation

Citigroup Investment Research have a Hold stock recommendation for St. George Bank (SGB) shares with a steady share price target of $30 (5 percent discount to CIR's thOR valuation). The stock analyst has observed that "SGB stock has suffered a modest de-rating in absolute and relative terms this year. While its operating performance is credible, the bank’s share price may de-rate further in the coming 12 months given continued economic difficulty in NSW and an anticipated modest share price performance by the sector more broadly.".

St. George Bank Limited is listed on the Australian Stock Exchange (ASX) under stock code SGB. You can view their investor website here. SGB was listed in the ASX on 2 July, 1992. St. George Bank is primarily involved in the provision of banking and other financial services, in particular Retail Banking, Commercial Banking and Group Treasury and Capital Markets, and Funds Management. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Check your charts and good luck with your share trading!