If you are looking for a trading share to invest in, then you should consider Canara Bank Share Price Target. In this blog, we will provide you with a basic idea about the Canara Bank Share Price Target from 2024,2025, 2026, 2030 to 2040. We have done thorough research and taken advice from experts to give you a clear understanding of the company’s growth, performance, and more.
Canara Bank Share Price Company Overview
Canara Bank is a public sector bank with a 62% stake held by the Indian government. It was founded in 1906 in Mangalore and has been in operation for over 100 years. The bank has a network of over 2500 branches and 13,400 ATMs across India. Canara Bank provides various services including commercial banking, retail banking, investment banking, credit cards, mortgage, pension, private banking, and asset management.
Canara Bank was listed on the stock exchange in 2002 and has demonstrated average performance with high volatility since then. The post provides a stock prediction for Canara Bank for the next 10 to 15 years through a custom algorithm based on deep learning that considers price fluctuations, volume shifts, and market cycles. This prediction will give an idea of the potential level the share price of Canara Bank may reach in the future.
Company Name |
Canara Bank Share |
| Market Cap | ₹ 1,04,811 Cr. |
| Primary Exchange | BSE. NSE |
| Face Value | ₹ 2.00 |
| Dividend Yield | 2.72 % |
| TTM PE Ratio | 7.25 |
| PB Ratio | 1.07 |
| Promoter Holding | 32.34% |
| Book Value | ₹ 86.0 |
| 52 Week Low | ₹58.33 |
| 52 Week High | ₹ 126.58 |
Canara Bank Share Dividend History
If we talk about the dividend history of Canara Bank Share, then Canara Bank Share has been giving dividends to the shareholders continuously since the year 2003 Interim dividend is Rs 3.50 and ex-date 13-05-2003. Similarly in the year 2004, the Interim dividend is Rs 2.50 and the ex-date is 26-12-204 Similarly in the years 2005 to 2024 Continue dividend pay in Canara Bank Share.
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| Announcement Date | Ex-Date | Dividend per share |
| 08-05-2024 | 14-06-2024 | 16.10 |
| 08-05-2023 | 14-06-2023 | 12.00 |
| 06-05-2022 | 15-06-2022 | 6.50 |
| 11-05-2017 | 12-07-2017 | 1.00 |
| 25-05-2015 | 25-06-2015 | 10.50 |
| 05-05-2014 | 03-07-2014 | 4.50 |
| 10-01-2014 | 24-01-2014 | 6.50 |
| 02-05-2013 | 04-07-2013 | 13.00 |
| 10-05-2012 | 14-06-2012 | 11.00 |
| 05-05-2011 | 06-07-2011 | 11.00 |
| 28-04-2010 | 14-06-2010 | 10.00 |
| 29-04-2009 | 08-07-2009 | 9.00 |
Canara Bank Share Price Target 2024
Towards the end of 2023 and the beginning of 2024, the Indian stock market experienced an incredible bull run. So as per market technical data in 2024, Canara Bank Share. the first share price target for 2024 is expected to go up to ₹120.60 and the second share price target in 2024 is likely to go up to ₹135.50
| Year | Target 2024 |
| Canara Bank Share Price First Target 2024 | ₹120.60 |
| Canara Bank Share Price Second Target 2024 | ₹135.50 |
Canara Bank Share Price Target 2025
Canara Bank offers better facilities for investors with higher monetary returns for fixed depositors than savings accounts. The bank’s fixed deposit rates range from 3.95% to 7.50% for the general public and 4% to 7.85% for senior citizens on tenures ranging from 7 days to 10 years. Additionally, the bank provides housing loans at 7.55% to 10.25% and vehicle loans at 7.80% to 15.25%. we can expect the first target of Canara Bank’s share price of 190.20 and the second target of 221.60 by the year 2025
| Year | Target 2025 |
| Canara Bank’s share price First Target 2025 | 190.20 |
| Canara Bank’s Share Price Second Target 2025 | 221.60 |
Canara Bank Share Price Target 2026
According to the technical data of Canara Bank’s Shares bull run can be expected in Canara Bank If we estimate the first target in 2026, then 240.60, and the second share price target can be expected to reach 280.96
| Year | Target 2026 |
| Canara Bank Share Price First Target 2026 | 240.60 |
| Canara Bank Share Price Second Target 2026 | 280.96 |
Canara Bank Share Price Target 2030
In 2030, ₹1624 is predicted to be the starting price target for Canara Bank. In a favorable market, Canara Bank.’s mid-year price target might rise to ₹450.60 Based on positive market trends, it is anticipated that Canara Bank’s price target could potentially reach ₹510.70 by the end of 2030.
| Year | Target 2030 |
| Canara Bank Share Price First Target 2030 | ₹450.60 |
| Canara Bank Price Second Target 2030 | ₹510.70 |
Canara Bank Share Price Target 2040
Canara Bank introduced various card offers including Master Card, Rupay Cards, Visa Card, and Credit Card facilities to enhance customer experience and become more customer-centric. As a result, Canara Bank’s financial market improved and the share price increased. Canara Bank’s first target price is 970 rupees and if we look at the second target, then there is a possibility of going up to 1020.45.
| Year | Target 2040 |
| Canara Bank Share Price First Target 2040 | 970 |
| Canara Bank Price Second Target 2040 | 1020.45.. |
Conclusion,
Canara Bank has experienced strong financial growth in recent years, with a net profit of ₹5,123 crore in March 2023. The bank consistently generates good profits and has a favorable return on assets ratio, making it an attractive investment option for many investors. The bank’s PE ratio is 6.7 and it has achieved a growth of 25.24% in the last 5 years.
Risk Factors
Canara Bank’s share price is a publicly traded stock and can be influenced by various risk factors. Here are common risk factors that are sometimes found,
Government Policies: Changes in government policies can affect the share price.
The global crisis: A global crisis is another risk that can affect any company in the world.
Note: – You should think before investing. Any goals mentioned on this website are taken by our analysis, and we are not SEBI registered consultants, our purpose is only to provide detailed information related to the company’s business to the public. Always consult your financial advisor before making any investment decisions.