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Canara Bank Share Price Target 2024, 2025, 2026 to 2039 With Charts
Canara Bank | |||
 | Symbol: CANBK | ||
| Price: ₹97.49 | |||
| Exchange: NSE | |||
| Financial Services -> Banks—Regional | |||
Show Table of Contents
Table of Contents
- 1: Canara Bank Brief Company Overview
- 1.1: Canara Bank: A Comprehensive Overview
- 1.2: Canara Bank Financial Performance
- 1.2.1: Is Canara Bank A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Canara Bank Share Price Target For 2024
- 2.1.1: Canara Bank Share Price Target Table For 2024
- 2.1.2: Summary: Canara Bank Share Price Prediction For 2024
- 2.2: Canara Bank Share Price Target For 2025
- 2.2.1: Canara Bank Share Price Target Table For 2025
- 2.2.2: Summary: Canara Bank Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Canara Bank Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Canara Bank Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Canara Bank Past Performance
Canara Bank Brief Company Overview
Canara Bank: A Comprehensive Overview
Established in 1906 and headquartered in Bengaluru, Canara Bank is a reputable financial institution with a strong presence in India and internationally.
The bank offers a diverse range of products and services, including:
- Personal banking: Savings and deposits, loans, insurance, and consultancy services
- Corporate banking: Accounts and deposits, loans and advances, syndication services, and investment banking
- NRI banking: Remittance facilities, loans, consultancy services, and investment opportunities
- Other services: Internet banking, MSME banking, and safe custody
Canara Bank is committed to providing its customers with innovative and customized financial solutions. The bank has a strong reputation for its customer-centric approach and financial stability.
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Canara Bank Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 95,350.6 Crore | Market valuation of Canara Bank's shares. |
| Revenue (TTM) | 61,261.63 Crore | Total revenue generated by Canara Bank over the past twelve months. |
| Net Income (TTM) | +15,997.23 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 35.96% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 26.11% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +14.8% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +10.3% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 0.91 | Company's total debt divided by total shareholder equity. |
| Total Debt | 94,769.72 Crore | Sum of Canara Bank's current & long-term financial obligations. |
| Total Cash | 1,62,902.91 Crore | Total amount of liquid funds available to Canara Bank. |
| Beta | 0.94 | Beta is less than 1 indicating that the Canara Bank's price is less volatile than the market. |
Is Canara Bank A Good Buy For Long Term?
Canara Bank's recent performance paints a mixed picture for long-term investors. While the bank boasts a sizable market capitalization of ₹94,062.69 Crore and generated a robust net profit of ₹15,997.23 Crore in the last 12 months, its substantial debt of ₹94,769.72 Crore and declining returns over the past year raise concerns. The bank's strong cash balance of ₹1,62,902.91 Crore provides a cushion, but the consistent negative returns warrant caution. Overall, a wait-and-see approach is recommended before considering a long-term investment.
To predict the Canara Bank's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Canara Bank Share Price Target For 2024
The line chart displays the monthly closing prices of Canara Bank with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Canara Bank shares in 2024, see the table below.
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Canara Bank Share Price Target Table For 2024
| Canara Bank's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 100.77 (+3.36%) | Price Action: 18 Oct 2024 Low |
| 2024 Target 2 | 99.50 (+2.06%) | Price Action: 04 Nov 2024 Low |
| 2024 Target 1 | 98.25 (+0.77%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 97.49 | Canara Bank's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 97.22 (-0.28%) | Price Action: Nov 2024 Low |
| Stop Loss 2 | 95.92 (-1.62%) | Fibonacci Retracement Extended 40% |
| Stop Loss 3 | 94.75 (-2.82%) | Price Action: 28 Oct 2024 Low |
Summary: Canara Bank Share Price Prediction For 2024
In summary, Canara Bank has declined by ₹-340.01, recording a notable -77.72% decrease from 1st January 2024 to 14 Nov 2024. Despite the setback, our analysis of Canara Bank for 2024 predicts an additional rise of 0.77% to 3.36% by the end of 2024 with three potential targets T1: 98.25, T2: 99.50, T3: 100.77. Stop Loss at SL1: 97.22, SL2: 95.92, SL3: 94.75.
Canara Bank has a 52-week high of ₹632.90, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹92.98, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Canara Bank.
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Canara Bank Share Price Target For 2025
The line chart displays the monthly closing prices of Canara Bank with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Canara Bank shares in 2025, see the table below.
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Canara Bank Share Price Target Table For 2025
| Canara Bank's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 455.97 (+367.7%) | Price Action: Chart |
| 2025 Target 2 | 447.47 (+358.99%) | Price Action: Chart |
| 2025 Target 1 | 443.04 (+354.44%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 97.49 | Canara Bank's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 13.34 (-86.32%) | Price Action: Chart |
| Stop Loss 2 | 13.21 (-86.45%) | Price Action: Chart |
| Stop Loss 3 | 12.97 (-86.7%) | Price Action: Chart |
Summary: Canara Bank Share Price Prediction For 2025
In summary, Canara Bank has declined by ₹-340.01, recording a notable -77.72% decrease from 1st January 2024 to 14 Nov 2024. Despite the setback, our analysis of Canara Bank for 2025 predicts an additional rise of 354.44% to 367.7% by the end of 2025 with three potential targets T1: 443.04, T2: 447.47, T3: 455.97. Stop Loss at SL1: 13.34, SL2: 13.21, SL3: 12.97.
Canara Bank has a All-Time high of ₹821.11, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹92.98, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Canara Bank, we have created a specific page for that check here: Canara Bank Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Canara Bank Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Canara Bank share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 18.83% over the next 15 years.
For complete year by year Canara Bank long term share price target from 2024, 2025 to 2039 check the below table.
Canara Bank Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Canara Bank Target | YoY Change % |
|---|---|---|
| 2024 | ₹97.49 | [Current Price] |
| 2024 | ₹74.34 | -23.74% |
| 2025 | ₹136.24 | 83.24% |
| 2026 | ₹482.65 | 254.26% |
| 2027 | ₹537.55 | 11.37% |
| 2028 | ₹512.96 | -4.58% |
| 2029 | ₹555.66 | 8.32% |
| 2030 | ₹589.27 | 6.04% |
| 2031 | ₹622.62 | 5.65% |
| 2032 | ₹684.9 | 10% |
| 2033 | ₹646.25 | -5.65% |
| 2034 | ₹692.93 | 7.22% |
| 2035 | ₹727.98 | 5.05% |
| 2036 | ₹762.59 | 4.75% |
| 2037 | ₹832.25 | 9.13% |
| 2038 | ₹779.55 | -6.34% |
| 2039 | ₹832.57 | 6.8% |
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Canara Bank Past Performance
- In 2002, Canara Bank opening price was ₹50
- As of Thu 14 Nov 2024 the price stands at ₹97.49.
- This represents a Compound Annual Growth Rate (CAGR) of 2.95%.
- In 22 years, an investment of 10,000 would have become ₹19,498.
As we wrap up, we hope you like our study on Canara Bank share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
