Risk factor
Vulnerable to price shocks
Profitability factor
Undervalued vs peers
About
Nedbank Group Limited, operating with its subsidiaries, stands as a prominent South African financial institution delivering a comprehensive suite of wholesale and retail banking solutions both domestically and internationally. For individual clients, Nedbank offers a wide array of personal banking products. This includes core offerings like savings and investment accounts, various lending options such as home, personal, student, and vehicle loans, private wealth finance, overdrafts, and credit cards. Beyond basic banking, it provides comprehensive financial planning (including estate and trust services), wealth management, professional banking, insurance, stockbroking, and foreign exchange services. Businesses of all sizes benefit from tailored banking services. These encompass diverse account and deposit options, financing solutions for property, assets, and vehicles, along with broader lending and structured finance. Additional offerings include cash and card solutions, treasury management, electronic banking, merchant payment support, and a comprehensive range of business and specialized insurance products. The group also facilitates access to asset management and capital market products like commodities, equities, and fixed income. For large corporations and institutions, Nedbank delivers specialized financial services. This includes sophisticated financing across sectors such as aircraft, energy, mining, infrastructure, and more. They also provide trade finance (e.g., payments, documentary credits, guarantees), corporate lending, custodial services, and expert financial and debt advisory. Further, corporate and institutional investment solutions are available, all supported by comprehensive transactional capabilities. Established in 1831, the company was initially known as Nedcor Limited before rebranding to Nedbank Group Limited in 2005. Its headquarters are located in Sandton, South Africa.
Company Valuation
From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. Specifically, the stock is 'cheap' on P/E. Editor's note: P/CR is P
Target Price
The average target price of NED.JO is 32675 and suggests 27% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc