Canara Bank Share Price Target 2024, 2025, 2027, 2030, 2040

Today in our blog we are going to explain the basic idea about Canara Bank Share Price Target  2024, 2025, 2027, 2030, 2040. We did the research and took advice from experts to make this blog about company growth, the company’s performance, the future condition of the company, etc.

In this article, we will talk about the Canara Bank Share Price, what could be the future share price of Canara Bank? Should anyone invest in Canara Bank Share or not? Moreover, after analyzing the company’s stock we want to share the overall result through this article. If anyone thinking about investing in Canara Bank Share at the end of the blog, you can get a better experience about Canara Bank Share Price Target. Let’s have a look at Canara Bank Share Price Target 2024, 2025, 2027, 2030, 2040.

What is Canara Bank Share?

Canara Bank is one of the largest bank-based public sectors in India. It was established in 1906. Canara Bank also spread its network through established 9,123 branches and more than 10000 ATMs all over India. From the time of its establishment, this bank has grown very well, investing a huge amount in the corporate banking sector, and retail banking sector and also gaining good profit from the investment. Hopefully, in the future, the share price of Canara Bank also run a good range.

Overview Of Canara Bank

Shri Amembla Subba Rao Pai, a great philanthropist is the founder of Canara Bank. The headquarters of Canara Bank also spread its regional office in different big cities like Bangalore, Ahmedabad, Bhubaneswar, Chennai, Kolkata, Hyderabad, and many other cities in India. From the being time to now more than 100 years of experience Canara Bank run through many stages, but always maintains customer-centric behavior. Still recent times Canara Bank has also rapidly grown financially with different sponsored institutions all over India and internationally.

In the year 1969, Canara Bank also spread to the national level. Canara Bank also launched a Women’s Banking Branch, Credit Cards for Farmers, Agricultural Consultancy Services, etc which become more helpful for customers. Canara Bank is a multinational banking sector, which has deep economic knowledge in different developed countries.

Its knowledge and market-holding capacity help to spread out its brunch with proper financial stability. If anyone wants to invest in Canara Power Share there is some important data in the below portion about the company’s performance which may be helpful for investors.

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Some important data about company performance

Before investing any share anyone wants to see the company’s performance, overall profit, and net sales amount. We need to have a basic idea about the company’s PE ratio, return on assets, current ratio, and return on equity. In the below portion, we discuss the performance of the company.

PE Ratio (Price To Earning Ratio)

PE Ratio is calculated by Market price per share Earning price per share. It means the number of times investors are ready to pay as compared to earnings time. Canara Bank Company has a PE ratio of 6.83, which is not so high.

Return on Assets (ROA)

ROA is calculated by Profit After tax ÷ Total Assets. ROA is influenced by 2 factors, return on sales and asset turnover. Canara Bank Company has an ROA of 1.04% which is not so high.

Current Ratio

The current Ratio is calculated by Current Assets ÷ Current Liabilities. Canara Bank Company has a current ratio of 2.15.

Return On Equity (ROE)

ROE is measured by = Net profit ÷ Average Share holding equity. Canara Bank Company has an ROE of 20.23%.

Some Details About Canara Bank Company

Company	Canara Bank Limited
Established	In 1906
Public Banking Sector	Public Banking Sector
Market Cap	₹1,03,235.38 Crore
Face Value	₹2
Book Value	₹92.36
52 Week High	₹129.58
52 Week Low	₹63.89
NSE Name	CANBK

Canara Bank Share Price Target 2024, 2025, 2027, 2030, 2040

Canara Bank is a public banking sector that spreads its business all over India and abroad. The main head office of Canara Bank is situated in Dubai, New York, and Bangalore. Canara Bank has a huge amount of customer flow as a result it has good money trans over capacity, for those reasons many investors show interest in investing in Canara Bank Share. From the very 1st time of starting to now, Canara Bank has ensured a safe and secure investment for every investor.

Canara Bank has strong financial stability to maintain the company’s financial performance and is also able to invest in new schemes and facilities for investors. Not only in the banking sector Canara Bank also plays an important role in many social activities like as launching of farmer credit cards, focusing on rural employment, for more improvement in the agricultural field started agricultural consultancy services. From 1906 to right now Canara Bank has increased day by day and hopefully, more will increase in the upcoming year. Let’s have a look at Canara Bank Share Price Target from 2023 to 2040.

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Canara Bank Share Price Target 2024

Canara Bank provides more facilities for investors, giving more monetary returns to fixed depositors compared to savings accounts. Canara Bank’s fixed deposit rate is 3.95 to 7.50% for the general public and 4% to 7.85% for senior citizens on 7-day to 10-year tenures. Canara Bank also provides housing loans at 7.55% to 10.25% and provides vehicle loans at 7.80% to 15.25%.

Year	Canara Bank Share Price Target 2024
1st Price Target	125
2nd Price Target	240

Canara Bank also focuses on retail and digital business. Canara Bank also invests in new technology and tries to improve the retail business to gain more profit. The retail business is a media that improves more with new technology. In the future Canara Bank also increase by retail business and spread its business to the international market. Canara Bank was also nationalized in 1969. For that reason, many investors are interested in Canara Bank Share. If we look at Canara Bank Share Price Target 2024 forecast, the 1st Price Target is ₹125 and the 2nd Price Target is ₹240.

Canara Bank Share Price Target 2025

Canara Bank has left an important mark on the banking industry. Canara Bank launched an inter-city ATM network, through which customers will be able to reach ATM facilities on inter inter-city basis, alco decided to increase its ATM facilities all over India. Canara Bank also has more than 12,000 branches all over India. By spreading its brunches Canara Back also can get attached to people in rural and semi-urban areas, which also be helpful for the people of rural areas and also helps to develop of Indian economy.

Year	Canara Bank Share Price Target 2025
1st Price Target	260
2nd Price Target	370

Some of the important things that maintain the good share price ratio of Canara Bank Share, which are changes in interest rates, up down condition of the banking economy may change Canara Bank Share Price Target. Every strategic plan applied by Canara Bank becomes successful in the future time Canara Bank Share may reach a high position. According to Motilal Oswal’s Financial Services, Canara Bank has an ROA of 1.25% and an ROE ratio of 15.25% which is a good significant for Canara Bank Share. If we look at Canara Bank Share Price Target 2025 forecast, the 1st Price Target is ₹260 and the 2nd Price Target is ₹370.

Canara Bank Share Price Target 2027

One of the most important things for Canara Bank to increase its share is good promoter holding capacity. The promoter holding capacity of Canara Bank is 60.23%. Canara Bank holds a very good position in the banking financial market. For good financial growth, good investment policy, new facilities for customers, new scheme facilities for rural and urban people, and women loan facilities many good investors always be interested in investing in Canara Bank Share. Canara Bank also has foreign investors which will help to grow the financial condition of Canara Bank Share.

Year	Canara Bank Share Price 2027
1st Price Target	445
2d Price Target	520

The net profit amount of Canara Bank Share has also increased. The net profit amount in March 2021 was ₹90,0000 but on March 2023 it became approximately ₹5,123 crore. The management team of Canara Bank always being focused on the company’s profit benchmark. Decrease the chance of wrong decision-making about interest rates, digital and international concept innovation in business, new scheme approach for customers, and good customer holding capacity are the main reasons for the increase in net profit. If we look at Canara Bank Share Price Target 2027 forecast, the 1st Price Target is ₹445 and the 2nd Price Target is ₹520.

Canara Bank Share Price Target 2030

Due to the COVID-19 situation, Canara Bank Share Price was run a lower circuit. But the Canara Bank Share Price is at a high rate. Today on February 1, 2024, Canara Bank Share Price target is ₹503.65 at 3:30 pm which holds a high price rate in the share market. According to experts Canara Bank Share Price will run in a high range.

Year	Canara Bank Share Price Target 2030
1st Price Target	610
2nd Price Target	680

Now in the present time the share of Foreign Investors (FII) also increased to 12.11% which means Canara Bank Share has the potential to hold a good position in the Share Market and many foreign investors also being interested in investing in Canara Bank Share. Canara Bank also provides net banking facilities by which any customer can afford a banking connection at home.

Canara Bank also started different card offers such as Master Card, Rupay Cards, Visa Card, and Credit Card facilities for providing all facilities Canara Bank also become more customer-centric. For more improvement of the Canara Bank financial market Canara Bank Share Price, they were also increased. If we look at Canara Bank Share Price Target 2024 forecast, the 1st Price Target is ₹610 and the 2nd Price Target is ₹680.

Canara Bank Share Price Target 2040

Canara Bank provides home loans at 7.25% interest, education loans at 7.23% interest, and gold loans at 7.75% interest. By providing those schemes this bank also holds more customers in rural and urban areas. People also be interested in those schemes for getting loans with less interest. Where Canara Bank spread its brunch in different main cities like Jaipur, Chennai, Kanpur, Nagpur, Lucknow, and Bhubaneswar for more improvement of the financial stability of the bank.

Year	Canara Bank Share Price Target 2040
1st Price Target	1,310
2nd Price Target	1,390

There are some difficulties in predicting the Canara Bank Share Price Target for 2040 right now. But if the banking sector runs according to its plan then the Share Price also be high in range. The net profit rate and PE Ratio are high which means Canara Bank has good potential growth for further growth in the future. If we look at Canara Bank Share Price Target 2040 forecast, the 1st Price Target is ₹1,310 and the 2nd Price Target is ₹1,390.

Investors types and ratio of Canara Bank

There are mainly four Types of Investors in Canara Bank.

Promoters Holding (60.69%)

Promoters Holding means how much capital is invested by the company Promoters (owner of the company) through overall capital. For Canara Bank Promoter Holding Capacity is 60.69%.

Public Holding (13.19%)

Public Investors an individuals who invest in the public market for profit in the future (large and small companies). For Canara Bank Public Holding Capacity is 13.19%.

FII (Foreign Institutional Investors) 12.11%

Foreign Institutional Investors are those big companies that invest in different countries company. The FII amount of Canara Bank is 12.11%.

DII (Domestic Institutional Investors) 14.01%

Domestic Institutional Investors (like Insurance, companies mutual funds) who invest in their own country. The DII amount of Canara Bank is 14.01%.

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Should I invest in Canara Bank Share right now or not?

Canara Bank had strong financial growth support for the last few years. Last year 2023, the March net profit amount was ₹5,123 crore. Canara Bank always gets good profits in the financial market and returns from assets are good in ratio. For that reason, many investors always be interested in investing in Canara Bank Share. The PE ratio of Canara Bank is 6.7. In the last 5 years, the company’s growth has been 25.24%.

After analyzing the previous year’s Share Price expertise and also doing the research, the Canara Bank Share will grow at a high rate. So, if anyone wants to invest in Canara Bank Share they can do it. Before investing must consult with experts.

Peers Company Of Canara Bank

Company Name	Market Cap(Crore)
SBI	₹728,669.12
PNB	₹129,026.45
Union Bank	₹97,009.23
Indian Bank	₹73,870.52
UCO Bank	₹62,004.23

Advantages and Disadvantages of Canara Bank Share

Every share has some advantages and some disadvantages also. So, Canara Bank Share also has some advantages and disadvantages which are described below.

Advantages

• Canara Bank Share has good profit growth. Last 5 years company’s growth has been 25.24%, which means the company has high-profit growth.
• Canara Bank has a PE ratio of 6.7 which means according to market price Canara Bank has a good money return policy.
• Canara Bank has a good market holding capacity of 60.23% which means in the future many investors show interest in investing in Canara Bank Share if the bank can maintain its gradual performance.
• Canara Bank has an FII of 12.11%, which means many Forieng Companies also show in interest investing in Canara Bank Share which indicates good profit for the company.

Disadvantages

• Canara Bank Share Price may fall to the lower circuit in the future if the bank does not maintain its proper interest ratio, net profit ratio, and money trans over ratio. To gain net profit Canara Bank should maintain the company’s performance.
• If Canara Bank is unable to maintain performance no investors will show interest in Canara Bank Share and Canara Bank will lose market holding capacity.

FAQ

Conclusion

Hopefully, www.sharetargethub.com will help you gain some basic ideas about Canara Bank Share Price Target. By doing the research and taking advice from expertise we ensure that on a long-term basis, Canara Bank Share Price Target may reach a very high position. As Canara Bank is related to the banking sector, So the demand for this sector also increases which helps the share to gain profit in the future.

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