NIFTY 22200.55 BANK 47687.45

Canara Bank
Share Price Target & Analysis

NSE:CANBK

118.11

VWAP

116.25

Open

113.31

Close

119.60

High

116.00

Low

126.58

52 Week High

119.00 ⇧
5.69 (5.02%)

CANBK

(FINANCIAL SERVICES)
88.9% Momentum

Trending & Favourite

58.27

52 Week Low

80.23

EPS

12.07

PE

0.27

PB

Excellent
Quality

Iron
Valuation

#Analysis

NSE: CANBK Share Price Financial Analysis & Valuation

Canara Bank (CANBK) is broadly categorized in FINANCIAL SERVICES segment industry which deals in Banks - Public Sector vertical. It is one of Large Cap company with Market Capitalization of Rs 43685.8 (in Cr). Total number of free float shares are 73.3 (in Lacs). Canara Bank is listed on NSE with Exchange ID - INE476A01022 and trading code is NSE:CANBK with short name Canara Bank.

Canara Bank is a government-owned enterprise which is categorized as Public Sector Undertaking (PSU) or a Public Sector Enterprise.

Canara Bank is also traded in Future & Options (Derivative segment of NSE).

In the past 1 year, Canara Bank has declared an equity dividend of Rs 12 per share. At the current share price of CANBK at Rs 119.00, this results in a dividend yield of 10.08 %.

As per the Fundamental Analysis of NSE:CANBK, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine CANBK underlying value and future prospects. All of this data is available in CANBK financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:CANBK, it is clearly understood that CANBK is Excellent performer in terms of earnings and profit margins with an EPS of 80.23. NSE:CANBK book value per share as of today is 444.77. The current price to book ratio for CANBK as of May 15, 2024 is 0.27.

Valuation of the Stock: The current valuation of CANBK stock is like Iron which means currently the stock is Inexpensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of CANBK whether to BUY this stock at current valuation. The delivery percentage of CANBK is 27.52% is very crucial parameter which shows that 27.52% investors are anticipating that the price of CANBK share should go up with VWAP at 118.11.

Now, the main question is whether to BUY or SELL, NSE:CANBK at current valuation.
As per latest Analysis No. #2007:-

⇑ STRONG BUY CANBK if All Greens

⇗ BUY CANBK (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD CANBK (With Stop Loss) if only 1 Green

⇘ SELL CANBK if NO Green Indicator

NSE: CANBK Share Price Today (May 15, 2024)

(Canara Bank Daily Analysis on the basis of CANBK Intraday Graph & Trend)

Canara Bank share price moved Up by 5.02% from its previous close of Rs 113.31. CANBK stock last traded price is 119.00. CANBK share price trend is Up with a total of 58148316 stocks traded till now. It has touched an intraday high of Rs 119.60 and an intraday low of Rs 116.00. The CANBK trading at 119.00, Up by Rs. 5.69, or 5.02 percent which suggests that most of the Traders are anticipating that the price of CANBK share should go Up.

NSE: CANBK Share Price Tomorrow Prediction

(Canara Bank Share Price Prediction for Tomorrow & future forecast is based on Current Trend of CANBK)

Canara Bank share price moved Up by 5.02%. CANBK share price short term trend is Up. It suggests that CANBK Share Price for Tomorrow remains the same with VWAP at 118.11 will be treated as stop loss for intraday traders. Canara Bank Long term investors can follow the CANBK long term trend as mentiond in future forecast table.

NSE Code

NSE: CANBK

CANBK Share Price Today

 119.00

CANBK Share Price Target Prediction for 2024 ^

 241 - 442.8

CANBK Share Price Target Prediction for 2025*^

 442.8 - 518.4

CANBK Share Price Target Prediction for 2026*^

 518.4 - 609

CANBK Share Price Target Prediction for 2027*^

 639

CANBK Share Price Target Prediction for 2028*^

 722

CANBK Share Price Target Prediction for 2030*^

 862
CANBK Current Book Value 2023
442.5

*Canara Bank Short Term & Long Term share price target is based on current financial year earings of the company.
^CANBK share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

CANBK Technical Analysis

Candlestick Pattern: @620.85

CANBK Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 610.77 BUY 612.08 BUY
MA_12 601.53 BUY 603.27 BUY
MA_20 601.33 BUY 598.21 BUY
MA_32 586.35 BUY 587.82 BUY
MA_50 583.34 BUY 574.12 BUY
MA_100 535.03 BUY 539.58 BUY
MA_200 441.87 BUY 465.96 BUY

CANBK Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 601.33 Uptrend
MACD 1.06 BUY
ADX 15.48 NO or Weak Trend
DMI (+/-) 26.93 / 20.71 Uptrend

CANBK Momentum Oscillators

BUY (10) NEUTRAL (2) SELL (0)
Momentum Oscillators Value Action
RSI 64.07 Neutral
STOCHASTIC_K (Fast) 88.24 Overbought
STOCHASTIC_D (Slow) 90.04 Overbought
CCI 107.3 BUY
PSAR 566.29 BUY
TRUE RANGE 10.55 BUY
ATR 15.06 BUY
WILLIAMS R -6.29 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 100 Overbought
MOMENTUM 49 BUY

CANBK Last 1 Year Trend

Duration Value
1 Year 101.77%
3 Months 30.16%
1 Month 8.57%
1 Week 3.51%

CANBK Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 90%
NEUTRAL / HOLD 10%
SELL 0%

Most popular Questions & Answers about CANBK


Canara Bank stock last traded price is 119.00. CANBK share price moved Up by 5.02% from its previous close of Rs 113.31.

Canara Bank share price trend is Up with a total of 58148316 stocks traded till now. It has touched an intraday high of Rs 445.0154 and an intraday low of Rs 116.00. The CANBK trading at 119.00, Up by Rs. 5.69, or 5.02 percent which suggests that most of the Traders are anticipating that the price of CANBK share should go Up and the Stop Loss will be around 118.11.

The market cap of Canara Bank is ₹43685.8 (in Cr) as of May 14, 2024.

The current price to earning ratio for Canara Bank as of May 14, 2024 is 12.07.

The current price to book ratio for Canara Bank as of May 14, 2024 is 0.27.

The highest price of Canara Bank stock is ₹126.58 in the last 52-week.

The lowest price of Canara Bank stock is ₹58.27 in the last 52-week.

Canara Bank share trading at ₹119.00, Up by Rs. 5.69, or 5.02 percent which suggests that most of the traders are anticipating that the price of CANBK share should go Up.

In 2023, Stock price target for Canara Bank (CANBK) are ₹241 on downside and ₹442.8 on upside. Canara Bank share price target is based on current financial year earings of the company.

In 2024, Stock price target for Canara Bank (CANBK) are ₹442.8 on downside and ₹518.4 on upside. Canara Bank share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Canara Bank (CANBK) are ₹518.4 on downside and ₹609 on upside. Canara Bank share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Canara Bank (CANBK) will be around ₹722 Canara Bank share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of CANBK.

As per the fundamental analysis of Canara Bank (CANBK), it is of Excellent quality in terms of earnings and profit margins with an EPS of 80.23. Canara Bank book value per share as of today is 444.77. The current price to book ratio for CANBK as of May 15, 2024 is 0.27.


NSE:CANBK News & Other Useful Information about CANBK Share Price


Peer Comparison of NSE: CANBK

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Banks - Public Sector

Company Price EPS BV
SBIN 820.10 68.44 404.42
BANKBARODA 263.90 34.4 224.33
PNB 124.15 7.49 90.5
CANBK 119.00 80.23 444.77
IOB 62.05 1.4 14.77
UNIONBANK 139.05 17.88 95.63
BANKINDIA 124.70 13.87 129.24
CENTRALBK 60.65 2.94 32.26
INDIANB 534.50 59.86 371.43
UCOBANK 52.80 1.38 20.59
Updated at: 15 May 2024 15:30

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SITEMAP 4218
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