Canara Bank Share Price Target 2025, 2027, 2030, 2040, and 2050

If you are wondering which share will be best for investment in recent times then you should know about Canara Bank Share Price Target 2025, 2030, 2040, and 2050 Share Price Target. Today in this article we will explain the basic idea about the Canara Bank Share Price Target 2025, 2027, 2030, 2040, and 2050. Based on our research and expert advice, this blog is about the company’s growth, performance, etc.

In this article, we will describe the company’s financial growth, the business policy of the company, the shareholding pattern of the company, and the forecast share price yearly. Canara Bank’s Share Price Target is a trading share in the share market. We use expert research and analysis to understand the Canara Bank Share Price Target. This article may be useful to those who want to invest in this share. Let’s explore the Canara Bank Share Price Target from 2025 to 2050.

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Introduction

One of the biggest bank-based public sectors in India is Canara Bank. It was founded in 1906. Additionally, Canara Bank expanded its network throughout India by opening 9,123 branches and more than 10,000 ATMs. Since its founding, this bank has expanded greatly, making significant investments in the retail and business banking sectors and reaping healthy returns on those capital expenditures. Ideally, Canara Bank’s share price will likewise trade within a reasonable range in the future.

Overview

With more than a century of expertise, Canara Bank is a renowned Indian bank that was founded by Shri Amembla Subba Rao Pai. It has grown globally and operates in India’s main cities. Innovative services including Agricultural Consultancy, Credit Cards for Farmers, and Women’s Banking Branches have been offered by Canara Bank since its nationwide growth in 1969.

Recognized for its focus on the needs of its clients and sound financial standing, the bank keeps expanding and broadening its offerings. The stability and great performance of the company are important factors for investors considering Canara Power Shares.

Company Name	Canara Bank Limited
Market Cap	₹1,03,240Crore
Face Value	₹2
Book Value	₹93
52 Week High	₹130
52 Week Low	₹64
P/B	1.10
DIV. YIELD	3.04%

Financial Data Analysis

We need to look at the company’s PE ratio, return on equity, current ratio, and return on assets to comprehend its performance. These characteristics will be covered in the section that follows. These ratios likewise influence the target share price of Canara bank.

PE Ratio	Return On Assets (ROA)	Current Ratio	Return On Equity (ROE)	Operating Margin
6.85	1.05	2.15	21.1	61.02%

Canara Bank Share Price Target 2024

Compared to savings accounts, Canara Bank offers fixed depositors higher financial returns by offering more possibilities for investors. For seven-day to ten-year tenures, Canara Bank offers fixed deposit rates ranging from 3.9 to 7.55% for the general public and 4% to 7.85% for senior persons. Additionally, Canara Bank offers home loans between 7.5% and 10.30% as well as auto loans between 8% and 15%.

Year	Canara Bank Share Price Target 2024
1st Price Target	128
2nd Price Target	248

Canara Bank Share Price Target 2025

The banking sector has seen significant changes as a result of Canara Bank. In order to provide its customers with access to ATM facilities between cities, Canara Bank established an inter-city ATM network. Additionally, the bank made the decision to expand its ATM network throughout India. Throughout India, Canara Bank has more than 12,000 branches. By promoting its brunches, Canara Back is able to connect with residents in semi-urban and rural areas, which benefits both the rural populace and the growth of the Indian economy.

Year	Canara Bank Share Price Target 2025
1st Price Target	263
2nd Price Target	373

Canara Bank Share Price Target 2027

For Canara Bank to grow its share, having strong promoter holding ability is one of the most crucial requirements. Canara Bank’s promoter holding capacity is 59.80%. Canara Bank is in a strong position within the banking industry. Canara Bank shares have long piqued the interest of many savvy investors due to the bank’s strong financial performance, sound investment policies, innovative customer services, innovative schemes catering to both rural and urban populations, and its lending facilities for women. Canara Bank has overseas investors as well, which will support the expansion of Canara Bank Share’s financial situation.

Year	Canara Bank Share Price 2027
1st Price Target	450
2nd Price Target	530

Canara Bank Share Price Target 2030

The COVID-19 scenario caused the share price of Canara Bank to run on a lower circuit. However, the price of shares in Canara Bank is high. The Canara Bank share price goal for today, February 1, 2024, is ₹505 at 3:30 pm, which represents a high price rate in the share market. The Canara Bank share price is expected to fluctuate in a high range, according to experts.

Year	Canara Bank Share Price Target 2030
1st Price Target	616
2nd Price Target	689

Canara Bank Share Price Target 2040

Canara Bank offers 7.25% interest rate on residential loans, 7.25% interest rate on school loans, and 7.85% interest rate on gold loans. This bank has more consumers in both urban and rural locations as a result of offering those programs. Schemes to obtain loans with lower interest rates also pique people’s curiosity. Whereas Canara Bank expanded its branch to several major cities, including Jaipur, Chennai, Kanpur, Nagpur, Lucknow, and Bhubaneswar, in an effort to further strengthen the bank’s financial soundness.

Year	Canara Bank Share Price Target 2040
1st Price Target	1,325
2nd Price Target	1,385

Canara Bank Share Price Target 2050

It is quite speculative and fraught with uncertainty to project Fine Organic’s precise share price target for 2050. Share price targets are commonly determined by taking into account a range of criteria such as industry trends, market circumstances, financial performance, and larger economic issues.

Year	Canara Bank Share Price Target 2040
1st Price Target	2,675
2nd Price Target	2,750

Advantages and Disadvantages Of Birlasoft

Every share offers various benefits as well as drawbacks. Thus, the following list of benefits and drawbacks equally applies to the Canara Bank Share Price Target.

Advantages

• The Canara Bank Share’s earnings increase is strong. The company has grown at a rate of 24.85% during the last five years, indicating strong profit growth.
• With a PE ratio of 6.8, Canara Bank is considered to have a strong money return strategy based on market pricing.
• With a strong market holding capacity of 59.78%, Canara Bank should be able to attract a large number of investors in the future if it can continue to grow gradually.
• Canara Bank’s FII of 11.8% indicates that a large number of Foreign companies are interested in investing in Canara Bank shares, a sign of the company’s potential for profitability.

Disadvantages

• If the bank does not maintain its appropriate money turnover ratio, net profit ratio, and interest ratio, the share price of Canara Bank could eventually drop to the lower circuit. Canara Bank needs to keep up the business’s performance in order to make a net profit.
• Investors won’t be interested in Canara Bank shares if the bank can’t keep up its performance, and it will lose its ability to hold market share.

FAQs

Conclusion

We hope https://pricepredictionhub.com/ will provide you with some fundamental knowledge on the Canara Bank Share Price Target. We make sure that, over time, the Canara Bank Share Price Target may rise to an extremely high position by conducting the necessary research and consulting with specialists. Canara Bank is mostly associated with Banking. Thus, as the need for this industry grows, so does the share’s potential for future profit.

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Disclaimer

The above-mentioned Canara Bank share price targets are for reference purposes only and are not assured to remain accurate. They are dependent upon favorable market circumstances, company performance, and other variables. They are predicated on the assumption of a favorable market. Please always do your research and consult with a financial advisor before making investment decisions. Past performance does not always guarantee future results.