Are you looking for a CANARA BANK Share Price Target of 2023, 2024, 2025, 2026, 2027,2028,2029 and 2030?
Here is the in and out of CANARA BANK share price target 2023,2024,2025,2026,2027,2028,2029 and 2030. These predicted share price is based on the comprehensive analysis of the company’s growth potential and historical data.
This load of information helps you with decisions about long-term and short-term investments.
It will surely help you out in SIP(Systematic Investment Plan) for better ROI(Return On Investment).
Share price Overview::
I am Stanly Knight, a Stock Market research Analyst from 2000 to till date. Having more than 22 years of experience in Stock Market Analysis and Price Analysis in the Indian share Market and American Stock Market. I have even worked as a freelance analyst for many companies to improve their portfolio management and risk analysis of their Investment.
Below we are going to summarize the fundamentals and the share price targets from 2023 to 2030. The fundamentals are accurate as per the NSE(National Stock Exchange) and BSE(Bombay Stock Exchange) data. and the prediction is completely based on our company policies and our team experts’ perspectives.
Company Overview
CANARA BANK (BSE: 532483, NSE: CANBK)
Canara Bank, a leading public sector bank headquartered in Bangalore, India, has a rich history since its founding in 1906 by Ammembal Subba Rao Pai. It was granted nationalized status in 1969, thereby enhancing its importance in the Indian banking landscape.
As of December 2022, the bank’s ownership structure includes 62.93% of shares held by founders, 25.37% by institutional investors, and 11.69% by public companies. they hold. Canara Bank is famous for its far-reaching presence and influence in India.
With an extensive network of over 6,310 branches and over 8,850 ATMs across the country, we serve as a financial services platform for countless individuals and businesses. Additionally, the Bank is a major contributor to job creation in India, employing over 86,000 key employees.
The bank offers a wide range of financial services to meet a variety of needs, including corporate banking, retail banking, and wealth management. It’s worth noting that Canara Bank has continuously improved its financial performance over the past few quarters. However, it is important to note that this positive growth is not fully reflected in the company’s stock price, and the stock price does not increase in proportion to the improvement in business performance.
Market cap: $8.36 Billion
CEO of CANARA BANK: K. Satyanarayana Raju
Upcoming Projects of CANARA BANK
| Year | Projects |
|---|---|
| 2023 | Housing Projects |
| 2024 | …………….. |
CANARA BANK Company Fundamentals:
- Let’s definitely summarize the basic information about Canara Bank:
- Market capitalization (Market capitalization): As of February 19, 2023, Canara Bank had a market capitalization of ₹53,308.22 crore. Market capitalization represents the total value of all outstanding shares of a bank on the stock exchange.
- Price to earnings ratio (P/E ratio): Canara Bank’s current price-to-earnings (P/E) ratio is 5.86. The P/E ratio is a valuation measure that compares the current market price of a company’s stock to its earnings per share (EPS). A lower P/E ratio can indicate a stock may be undervalued relative to its earnings.
- Sales growth: Over the past year, Canara Bank saw a modest revenue growth of 0.51%. Revenue growth reflects the increase in bank revenue over a certain period of time, which in this case is relatively stable.
- Profit growth: Canara Bank posted significant earnings growth of around 114.48% over the past year.
This shows that the bank’s profitability has improved significantly over the past year and can be considered a positive signal for investors. In summary, Canara Bank, as of February 19, 2023, had a moderate market capitalization, a low P/E ratio, solid revenue growth, and impressive earnings growth over the past year. These fundamental indicators provide valuable information about a bank’s financial position and its performance in the public sector. However, it is necessary to consider other factors, such as the economic environment, banking industry trends and the bank’s overall financial stability, when evaluating a bank’s expertise and investment potential.
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CANARA BANK Share Price Target Analytics from 2023 to 2030
CANARA BANK share price target for 2023, 2024, 2025, 2026, 2027, 2028, 2029 and 2030 are available here. TradingView charts and technical analysis are used to forecast or predict the price of CANARA BANK shares. This price prediction was aided by our team of expert advice.
CANARA BANK share price target 2023|CANARA BANK share price forecast 2023
Canara Bank, one of the leading state-owned banks in India, is expected to perform well in the coming years and investors are closely watching its stock price forecast. There are several reasons to believe Canara Bank stock could appreciate in 2023. Good financial performance: Canara Bank recently earned more money, which is a positive sign. This means she is doing better in her activities. Economic Growth: India’s economy is strengthening and the government is working to leverage more digital technology. This could help Canara Bank grow as more people can use its services. Digital focus: Canara Bank is working to improve its digital offerings and make it easier for customers to use its online services. This can make banking more attractive to customers.
| First Target | 380 |
| Second Target | 385 |
| Third target | 400 |
CANARA BANK share Price target 2024|CANARA BANK share price forecast 2024
Canara Bank, India’s leading public sector bank, has come under intense scrutiny from investors in recent years. Looking ahead to 2024, stock prices may be affected by several important factors. These include the bank’s financial performance, general stock market conditions, and banking industry outlook. Investors are generally expected to maintain a positive outlook on Canara Bank’s long-term prospects, although they may fluctuate due to market conditions and general economic factors. This optimism is likely reflected in the bank’s 2024 price target, although there may still be some short-term ups and downs along the way.
| First Target | 420 |
| Second Target | 470 |
| Third target | 530 |
CANARA BANK share price target 2025|CANARA BANK share price forecast 2025
Investors are looking forward to Canara Bank’s stock price performance in 2025, and market analysts believe that the stock has strong growth potential in the coming years. The bank’s optimistic outlook is based on several factors, particularly the combination of solid financial performance and favorable market conditions. Canara Bank’s strategic initiatives, including its focus on expanding its digital banking services and growing market share in key business areas, are contributing to this positive sentiment. Additionally, the bank’s efforts to improve asset quality and operational efficiency have improved financial performance and increased investor confidence in the stock. While there are no guarantees in the stock market, these factors collectively point to a promising future for Canara Bank stock in the eyes of investors.
| First Target | 570 |
| Second Target | 600 |
| Third target | 650 |
CANARA BANK share price target 2026|CANARA BANK share price forecast 2026
For the year 2026, Investors are thinking about Canara Bank’s long-term performance. A key aspect they are looking at is the bank’s long-term growth opportunities. Canara Bank is increasing its involvement in retail banking, which means serving ordinary people like you and me. This will provide banks with a steady flow of funds for years to come. The bank also holds significant cash reserves, which could allow it to take advantage of further growth opportunities in the future. Investors are therefore confident in Canara Bank’s future as it appears to be well-positioned for long-term success.
| First Target | 680 |
| Second Target | 710 |
| Third target | 760 |
CANARA BANK share price target 2027|CANARA BANK share price forecast 2027
Canara Bank is expected to continue to grow steadily and play an important role in the Indian banking landscape. Experts predict that the bank’s stock price will continue to rise significantly in 2027.
| First Target | 840 |
| Second Target | 860 |
| Third target | 890 |
CANARA BANK share price target 2028|CANARA BANK share price forecast 2028
In 2028, the Indian banking sector is expected to undergo major changes due to new technologies and new rules. How well Canara Bank is able to adapt to these changes will be critical to the future development of its stock price.
| First Target | 910 |
| Second Target | 925 |
| Third target | 950 |
CANARA BANK share price target 2029|CANARA BANK share price forecast 2029
A key aspect they are looking at is the bank’s long-term growth opportunities. Canara Bank is focusing more on serving its loyal customers, which should lead to a steady flow of funds in the future. The bank is also saving significant funds, meaning it can take advantage of further growth opportunities in the future. Investors are therefore confident in Canara Bank’s future as it appears to be well-positioned for long-term success.
| First Target | 1000 |
| Second Target | 1095 |
| Third target | 1150 |
CANARA BANK share price target 2030|CANARA BANK share price forecast 2030
Canara Bank is expected to continue growing in 2030 thanks to some smart moves the bank is making. They are improving their digital banking skills, offering a wider variety of products, and reaching more people in rural and semi-urban areas. The bank should also do well, as more people in India need loans and banking services, which means more customers. With these positive changes in the Indian banking sector, things will look good for Canara Bank overall in 2030.
| First Target | 1230 |
| Second Target | 1300 |
| Third target | 1450 |
CANARA BANK Buy or Sell call: SWOT
Minimum And Maximum CANARA BANK Share
| YEAR | MIN | MAX |
| 2023 | 380 | 400 |
| 2024 | 420 | 530 |
| 2025 | 570 | 650 |
| 2026 | 680 | 760 |
| 2027 | 840 | 890 |
| 2028 | 910 | 950 |
| 2029 | 1000 | 1150 |
| 2030 | 1230 | 1450 |
CANARA BANK Dividend history
| Ex Date | Dividend type | Dividend % | Dividend Rs Per Share |
| 14-06-2023 | Final | 120 | 12.0 |
| 15-06-2022 | Final | 650 | 6.50 |
| 12-07-2017 | Final | 10 | 1.0 |
| 25-06-2015 | Final | 105 | 10.50 |
Conclusion:
- The above-mentioned CANARA BANK Share Predictions are completely based on our expertise. If you are looking for a stock owned by a private organization for several years as of 22/09/2023, it’s a good stock for long-term investment, currently, the CANARA BANK shares are Trading at a close call of 25Rs.
- If you are a short-term investor expecting more ROI, It’s completely on your will and knowledge.
- In the last 6 months, the CANARA BANK share price has increased to 39.28%.
- Be aware of stock operators..!!
Is CANARA BANK a good buy for the long term?
YES! For the long term, considering the factors that have been discussed above we can analyze the reasons for its upward momentum in stock price.
Is CANARA BANK a good stock to buy?
By analyzing the factors that going to affect the share price Canara bank share is expected to perform well for the coming year, therefore it’s a good investment
Can CANARA BANK be a multibagger?
Of course, All shares can be multibagger like TITAN Share. Since the Canara bank share is expected to perform well in the long run it can be a multibagger.
What is the true value of CANARA BANK share?
Because of the intrinsic value and the valuation the true value of CANARA BANK shares will be 496.93rs.
CANARA BANK dividend 2023 record date?
The record date for Canara Bank, determining the shareholders entitled to the interim dividend for the fiscal 2023 is set as 14th June.
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Disclaimer:
We are not SEBI-registered analysts. The above-mentioned share price is the target and analysis is completely based on our expertise. We do not recommend any of you to purchase any shares and we are not manipulating or handling any of the share price. The above-mentioned share price targets are only for educational and research purposes.