St. George Bank (SGB) Stock Recommendation

St. George Bank (SGB) has a maintained Neutral 1 stock recommendation with a share price target of $32.10 from stock analyst UBS. Their price target is a combination of DCF, SOP and International peers. According to UBS, SGB is trading on 4.8x NTA ($6.73), compared with 3x NTA peer average. The stock analyst note the strong revenues but the quality of their accounting is an issue. Citigroup Investment Research (CIR) has maintained their Hold stock recommendation with their share price target lifted from $30 to $32.75 to reflect EPS upgrades. CIR note that St George Bank's earnings quality is OK with "improving revenue momentum & tight cost control but credit charges and significant items could have been treated more conservatively." They also note that "SGB defied economic headwinds in NSW & SA to meet consensus estimates of 13% growth." Macquarie Research Equities note that St George Bank has a full year dividend of 151 cents and a FY05 adjusted cash earnings of $1,026 million which were in line with the stock analyst's forecast.

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 on the ASX on 2 July, 1992. St. George Bank provides banking and other financial services, in particular Retail Banking, Commercial Banking and Group Treasury and Capital Markets, and Funds Management. Read a previous St. George Bank (SGB) stock recommendation. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. Check your charts and good luck with your share trading!