UCO Bank Share Price Target 2022, 2023, 2024, 2025, 2030

UCO Bank Share Price Target 2022, 2023, 2024, 2025, 2030– UCO bank which was earlier known as United Commercial Bank, incorporated on 6th of January 1943. It was the vision of Mr. G.D Birla to form a truly Indian Bank which came into reality after the ”Quit India” movement. The bank is headquartered in Kolkata.

Here we try to give you all the aspects regarding the UCO Bank Share in all the possible ways.

UCO Bank Share Price Target 2022, 2023, 2024, 2025, 2030 Table

YearUCO Bank share price Target
2022 First TargetRs 13.50
2022 Second TargetRs 13.80
2023 First TargetRs 16.50
2023 Second TargetRs 16.80
2024 First TargetRs 19
2024 Second TargetRs 20
2025 First TargetRs 23
2025 Second TargetRs 24
2030 First TargetRs 45
2030 Second TargetRs 48
UCO Bank Share Price Target 2022, 2023, 2024, 2025, 2030 Table

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UCO Bank Share Price Target 2022

It was placed under state control in 1969 and 100% ownership was taken over by the State in the bank. Following this there were many changes in the banking system as the expansion of its branches began, especially in the rural areas, with the reorganization of the organization. This has led to effective training and the allocation of management facilities. In 1985 the name of the bank was changed to UCO Bank. It currently has a network of more than 2000 branches, more than 370 ATMs, and 35 regional offices nationwide as well as Singapore and Hong Kong.

UCO Bank share price For 2022 initial Target of UCO Bank will be Rs 13.50. And the Second Share Price Target of UCO Bank 2022 will be around Rs 13.80.

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UCO Bank share price Target 2023

UCO Bank offers its services to Personal Banking which provides a number of personal banking products and services such as deposit, savings, personal loans, education loans, car loans, RTGS, debit card, etc. and an NRI bank that also provides products and services to the NRI. Clients such as FCNR accounts, remittances, etc. UCO Bank also offers working capital, long-term loans, mortgage loans issued by government short-term pensioners, etc. It also provides services to the agricultural and SME sectors.

UCO Bank Share Price Target for 2023 The first target price of UCO Bank for 2023 will be Rs 16.50. And the second target price of UCO Bank share for 2023 will be Rs 16.80.

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UCO Bank share price Target 2024

UCO Bank has entered into an agreement to acquire a 3% stake in India Debt Resolution Company. The purchase will be for an estimated Rs 1.50 crore. Bank deposits in the company will be 3%, so no approval is required. The India Debt Resolution Company is a state-owned asset rehabilitation center where acclaimed assets made by the public sector can be transferred. PSUs can transfer agency-focused goods, which is why they clean their books. The purpose of setting up such an agency is to speed up the process of resolving and increasing the acquisition.

UCO Bank Share Price Target for 2024, The first target price of UCO Bank in 2024 will be Rs 19. And the price of UCO Bank’s Second Budget for 2024 will be Rs 20.

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UCO Bank share price Target 2025

UCO Bank has expanded the fintech partnership with Fisdom to include a demo account and services for the sale of stocks, pension funds and tax returns, with the aim of providing customers with a third-party personal banking information. The extension suite will be provided at the request of UCO Bank, UCO mbanking Plus, and will gradually be available through its online banking platform.

If you look at UCO Bank Share Price Target till 2025, you can see the first target showing you Rs 23 along with showing good growth. After that you can think of another target to hold for Rs 24.

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UCO Bank Share Price Target 2022, 2023, 2024, 2025, 2030

UCO Bank share price Target 2030

UCO Bank presented the UCO Bank RuPay Select Contactless Debit Card on its part of paying customers in partnership with the National Payments Corporation of India on the opening day of the bank. This intangible debit card comes with a number of benefits and is chosen keeping in mind the needs and lifestyle of key bank customers. The card also offers an ATM withdrawal limit of Rs 50000 and purchases up to Rs 2 lakh at POS or E-Commerce, for its users.

The newly introduced card is packed with value propositions and suggestions designed to meet the diversity of life and purchase needs of a portion of paid customers. RuPay Contact less Debit Card has gone from strength to strength, and is becoming the preferred card network in the customer base.

In the long run, UCO Bank share price target If the bank is able to sustain the growth of its business till 2030, then along with giving good returns, the first target is going to show you 45 rupees. And then you are also going to see another target of 48 rupees.

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Future Prospects of UCO Bank share

  • UCO Bank will try to engage more fintech partnerships with Fisdom to include demat account and stockbroking services, pension funds and tax filing, with an objective to offer customers a three-in-one personal banking experience.
  • UCO Bank will need to enter into the Aadhar Housing Finance to offer home loans at competitive rates. The partnership aims at providing easy and convenient home finance solutions to customers from the economically weaker sections of society.

Risk of UCO Bank share

  • UCO Bank has a very low ROA track record. Average ROA percent from the last 3 financial years is about -0.97%.
  •   UCO Bank has a low ROE Percentage of -20.64% over the last 3 Financial years.
  •  UCO  Bank has a high NPA rate. Average rate of  NPA of the last 3 years stands at 6.37%.
  • UCO Bank has delivered poor Income growth of 1.00% over the past 3 Financial years.
  •  UCO Bank has Poor Advances growth of 1.19% in the last 3 Financial years.

Expert Views on UCO Bank share

EExperts believe that the pace with which the banking industry is showing rapid growth in the rural area shows the full potential of UCO Bank’s business to show a big growth in the near future. And in terms of long term analysis, it is also going to give good returns to the investors.

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UCO Bank share price Target FAQ

– Is UCO Bank a good stock to buy ?

As the data suggests above, this is the best time to invest your funds in the share of UCO Bank.

– Who is the present CEO of UCO Bank?

The Present CEO of UCO Bank is A K Goel.

– What is the Market Capitalization of UCO Bank?

The present Market Capitalization of UCO Bank is around Rs.14,500 cr.

I hope you have got a good idea after reading our UCO Bank Share Price Target 2022, 2023, 2024, 2025, 2030 article, what kind of performance can be seen in the growth of the company. If you still have any question in your mind then don’t forget to tell in comment. To stay updated with such important information related to share market, do not forget to stay tuned with Market in India.

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