RenCap raises target price of Russia’s Sberbank shares

MOSCOW, Aug 26 (PRIME) -- Investment company Renaissance Capital has increased the target price for common and preferred shares of Russia’s top lender Sberbank, the company said in a research note Friday.

The target price for common shares was raised by 6% to 173 rubles implying a 24% growth potential, while the target price for preferred shares was improved by 7% to 122 rubles, which implies a 22% growth possibility.

The recommendation for both types of shares was affirmed at Hold.

(64.9459 rubles – U.S. $1)

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