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Goldman Sachs retains BUY call on ICICI Bank, raises target price to Rs 492 per share

Global research firm Goldman Sachs has given a BUY call on ICICI Bank stock and has raised the target to Rs 492 per share. The brokerage feels that the lender’s strong deposit franchise and lower cost of funds will put the company at an advantage. Goldman Sachs expects ICICI Bank to deliver Return on Assets (ROAs) of 1.8% and Return on Equity (ROEs) of 17% for FY20-21.

Read More at Moneycontrol News date : 16 Apr 2019, Tuesday

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