Canara Bank Share Price Target 2023, 2024, 2025, 2026, 2030
Canara Bank Share Price Target 2023, 2024, 2025, 2026, 2030:- Canara Bank was established in 1906 in Mangalore. Its segments include Treasury operations, retail banking operations, wholesale banking operations, and other banking operations.
In this article, we will try to analyze Canara Bank using Fundamental Analysis and other aspects that will help us know more about Canara Bank Stock. So, let’s get started:-
Canara Bank Share Price Target 2023
Canara Bank has more than a hundred years of experience in the industry and occupies a leading position in the Indian Banking Committee. Over the hundred years of its existence, the bank has gone through various phases of its growth trajectory. Canara Bank’s growth has been phenomenal, especially after nationalization in 1969, when it became a national-level player in terms of geographical reach and clientele segments. The 1980s were characterized by business diversification for the bank. In June 2006, the bank completed a century of operations in the Indian banking sector. The bank’s eventful journey is characterized by several unforgettable milestones.
Canara Bank’s initial target allocation for FY 2023 will be Rs 390. And Canara Bank’s second target for the financial year 2023 will be around Rs 400.
| Year | Canara Bank Share Price Target 2023 |
|---|---|
| First Target 2023 | Rs 390 |
| Second Target 2023 | Rs 400 |
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Canara Bank Share Price Target 2024
Canara Bank has initiated a number of firsts in the banking sector which include being the first bank to launch an inter-city ATM network and getting ISO certification for a bank branch. Canara Bank was the first to commission an Exclusive Mahila Banking Branch, Launch of Exclusive Subsidiary for IT Consultancy, Issuance of Credit Cards for Farmers, and Provision Agricultural Consultancy Services. These are the reasons why all other banks in the banking sector look up to Canara Bank to launch new things and services in their sectors.
Canara Bank’s initial target price for FY 2024 will be Rs 450. And the second target price of Canara Bank in 2024 will be Rs 480.
| Year | Canara Bank Share Price Target 2024 |
|---|---|
| First Target 2024 | Rs 450 |
| Second Target 2024 | Rs 480 |
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Canara Bank Share Price Target 2025
Canara Bank is engaged in Personal Banking which includes a wide range of products and services such as Savings Accounts, Deposits, Loans, Mutual Funds, Insurance, Internet Banking, Debit Cards, Credit Cards etc. Canara Bank is also engaged in Corporate Banking which provides its various services to corporate clients like Cash Management Services, Loans, IPO Monitoring Services etc. Canara Bank is also involved in NRI Banking offering remittance services and advisory services to its NRI clients. Finally, Canara Bank is involved in the SME sector and offers various products and services to priority and SME sectors.
Canara Bank’s initial target price for FY 2025 will be Rs 560. And the second target price of Canara Bank for 2025 will be Rs 580.
| Year | Canara Bank Share Price Target 2025 |
|---|---|
| First Target 2025 | Rs 560 |
| Second Target 2025 | Rs 580 |
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Canara Bank Share Price Target 2026
Canara Bank has launched a limited-time offer where customers can avail of a home loan at an interest rate starting at 6.65% per annum. This offer applies to all clients, regardless of the amount of the loan. Along with an attractive interest rate and quick and hassle-free sanction, the bank has waived processing and documentation fees. To increase the convenience of the customer, the bank provides a facility where one can apply for a home loan online by scanning a QR code and getting instant approval. ”Scan and apply”, ”get instant approval” is also available for car loans, education loans, gold loans and personal loans.
The initial price target for Canara Bank in 2026 will be Rs 650. And Canara Bank’s second share price for 2026 will be around Rs 700.
| Year | Canara Bank Share Price Target 2026 |
|---|---|
| First Target 2026 | Rs 650 |
| Second Target 2026 | Rs 700 |
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Canara Bank Share Price Target 2030
Canara Bank aims to further improve its bottom line with a balanced focus on advances in retail, and large and small businesses coupled with a greater focus on digitalization. During the 2021-22 financial year, the lender posted a strong growth of 122 percent in net profit to Rs 5,678 crore. Canara Bank has tied up with Tata AIA Life Insurance and Shriram General Insurance to distribute their product, life insurance, and general insurance respectively, through the bank’s branch network.
Canara Bank 2030 First Target Price will be Rs 1300. And the target price of the second Canara Bank stock will be Rs 1400.
| Year | Canara Bank Share Price Target 2030 |
|---|---|
| First Target 2030 | Rs 1300 |
| Second Target 2030 | Rs 1400 |
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Future Prospectus of Canara Bank Share
- Canara Bank’s vision is to become the Best Bank to Bank by following industry benchmarks of profitability, operational efficiency, asset quality, risk management, and digital innovation.
- Canara bank will be on a mission to provide state-of-the-art banking solutions, leverage technology, facilitate ease of doing business and enhance value for all stakeholders through inclusive growth.
Canara Bank Share Price Target 2023, 2024, 2025, 2026, 2030 Table
| Year | Canara Bank Share Price Target |
|---|---|
| First Target 2023 | Rs 390 |
| Second Target 2023 | Rs 400 |
| First Target 2024 | Rs 450 |
| Second Target 2024 | Rs 480 |
| First Target 2025 | Rs 560 |
| Second Target 2025 | Rs 580 |
| First Target 2026 | Rs 650 |
| Second Target 2026 | Rs 700 |
| First Target 2030 | Rs 1300 |
| Second Target 2030 | Rs 1400 |
Risk of Canara Bank Share
- Canara Bank is one of the oldest banks in India which was established by Indians to open their savings accounts but Canara Bank needs to work with more customers to get more interest from their savings and other income.
- Canara Bank is known as one of the leading financial security institutions for its clients but in the last few years, NPAs have been increasing which has led to a decrease in confidence level in Canara Bank in the last few years.
Expert Views on Canara Bank Share
If we analyze the Canara Bank stock it shows a negative trend so far but over time the Canara Bank stock price will rise and give you good growth over time. So if you want to invest in Canara Bank, we recommend you invest your money for the long term.
Canara Bank Share Price Target F.A.Q.
– Who is the CEO of Canara Bank?
Lingam Venkat Prabhakar is the CEO of Canara Bank.
– Where is the head office of Canara Bank?
Canara Bank is headquartered in Bengaluru, India.
– What is the full form of Canara Bank?
The full form of Canara Bank is Canara Hindu Permanent Fund Ltd.
Conclusion
I hope that after reading the article Canara Bank Share Price Target 2023, 2024, 2025, 2026, 2030 you must have got a good idea of what kind of performance can be seen in the growth of the Company. If you still have any questions related to this article in your mind, then do not forget to tell me in the comment. Stay tuned to Market in India for important information about this type of stock in the stock market.
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