Canara Bank Analyst Rating
based on 18 analysts
64.71%
Buy
17.65%
Hold
17.65%
Sell
Based on 18 analysts offering long term price targets for Canara Bank. An average target of ₹117.27
Source: S&P Global Market Intelligence
Canara Bank Share analysis
Canara Bank price forecast by 18 analysts
Upside of19.81%
High
₹140
Target
₹117.27
Low
₹45.8
Canara Bank target price ₹117.27, a slight upside of 19.81% compared to current price of ₹97.88. According to 18 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Canara Bank revenue growth forecast
Expected growth rate Q1, FY2027:0
Forecast
Actual
Including amortisation and stock based compensations
Canara Bank EPS growth forecast
EPS estimate Q1, FY2027:18.94%
Forecast
Actual
Source: S&P Global Market Intelligence
Canara Bank Performance
Day's Low
Day's High
₹96.5Day's Price Range₹98.3752 Week's Low
52 Week's High
₹87.7952-Week Price Range₹128.9
| Returns % | |
| 1 Month Return | -5.15 % |
| 3 Month Return | -6.49 % |
| 1 Year Return | + 6.8 % |
| Market Stats | |
| Previous Close | ₹97.33 |
| Open | ₹96.96 |
| Volume | 1.55Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹88,284.65Cr |
Canara Bank Key Statistics
| P/E Ratio | 5.55 |
| PEG Ratio | 2.41 |
| Market Cap | ₹88,284.65 Cr |
| P/B Ratio | 1.35 |
| EPS | 16.296 |
| Dividend Yield | 2.77 |
| Sector | Banks |
| ROE | 20.22 |
Canara Bank Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹88,284.65 Cr | 24.72% | NA | ₹15,278 Cr | ₹1,39,164 Cr | |
| HOLD | ₹45,408.31 Cr | 9.9% | NA | ₹6,564 Cr | ₹67,488 Cr | |
| BUY | ₹83,916.23 Cr | 21.81% | NA | ₹13,797 Cr | ₹1,18,188 Cr | |
| HOLD | ₹1,15,182.28 Cr | 12.51% | NA | ₹9,107 Cr | ₹1,23,222 Cr | |
| BUY | ₹71,032.15 Cr | 81% | NA | ₹8,419 Cr | ₹64,231 Cr |
Canara Bank Mutual Fund Holdings
About Canara Bank
Canara Bank operates primarily in India but has a significant international presence with branches in the UK, UAE, Russia, South Africa, and several other countries. The bank has several subsidiaries, including Canara HSBC Life Insurance, Canara Robeco Asset Management, and Canbank Factors Limited, which cater to insurance, asset management, and factoring services, respectively. A notable fact about Canara Bank is its merger with Syndicate Bank in 2020, making it one of the largest public sector banks in India. The merger has enhanced its scale, expanded its network, and strengthened its market position in the Indian banking industry.
Share Price: ₹97.88 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹88,284.65Cr as of today
Revenue: ₹38,006.05Cr as on September 2024 (Q3 24)
Net Profit: ₹4,187.76Cr as on September 2024 (Q3 24)
Listing date: 23 Dec, 2002
Chairperson Name: Vijay Srirangan
| Organisation | Canara Bank |
| Headquarters | |
| Industry | Banks |
| E-voting on shares | Click here to vote |
Key events for Canara Bank
Canara Bank Shares Decline Amidst MCLR Stability - 13 Jan, 2025
Canara Bank's shares have fallen 31% since June 3, underperforming the index. Despite this, analysts forecast a potential upside of 34% from current levels.Canara Bank Enhances IT Infrastructure with New Project - 01 Jan, 2025
Canara Bank has committed to modernizing its IT infrastructure through a five-year project involving the supply, implementation, and maintenance of advanced technology, ensuring 24/7 support and high uptime.Canara Bank Makes Annual Interest Payment on Bonds - 31 Dec, 2024
Canara Bank successfully made an annual interest payment of Rs. 138.97 Crores on its Basel III compliant Additional Tier 1 Bonds, reinforcing its financial commitment and regulatory compliance.Canara Bank Shares Rise on RBI IPO Approval - 30 Dec, 2024
Canara Bank shares gained 1.99% following RBI's approval to divest stakes in Canara Robeco Asset Management and Canara HSBC Life Insurance through an IPO. The bank plans to reduce its holdings to 30% by October 31, 2029.Canara Bank Shows Strong Recovery and Growth Potential - 28 Dec, 2024
Canara Bank's stock has surged post-COVID, with significant improvements in asset quality and return on equity. Despite recent corrections, the bank's management projects steady growth and aims for a GNPA ratio of 3.5% for FY25, indicating a positive outlook for long-term investors.Investor Holds Significant Stake in Canara Bank - 27 Dec, 2024
An ace investor owns 128,693,000 shares of Canara Bank, representing a 1.4% stake. The bank's shares have increased by 13.33% in 2024 so far.Canara Bank Sees Mixed Performance and Downgrade Risk - 26 Dec, 2024
Canara Bank's stock increased by 1.09% to Rs 101.7, but it faces potential downgrading from largecap to midcap status. The stock has lost 0.1% over the past month.Canara Bank Partners with Tata Power for Solar Loans - 20 Dec, 2024
Canara Bank collaborates with Tata Power Renewable Energy to facilitate rooftop solar system adoption through the PM Surya Ghar Scheme, offering attractive financing options for households.
Insights on Canara Bank
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRetail Holding Up
Retail Investor have increased holdings from 14.17% to 14.23% in Dec 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 4 quarters, 3.79K Cr → 4.18K Cr (in ₹), with an average increase of 3.3% per quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 36.96K Cr → 38.00K Cr (in ₹), with an average increase of 2.7% per quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 62.93% of holdings in Dec 2024 quarter
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 11.25% to 11.11% in Dec 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 4.34% to 4.26% in Dec 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 1 month, CANBK stock has moved down by -17.5%
Canara Bank Financials
Index Inclusions
Canara Bank Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 62.93% | 0.00 | |
| Foreign Institutions | 11.11% | ||
| Mutual Funds | 4.26% | ||
| Retail Investors | 14.23% | 0.47 | |
| Others | 7.47% | 2.12 |
Canara Bank Key Indicators
Canara Bank Valuation
Canara Bank in the last 5 years
Lowest (-8.58x)
March 4, 2021
Today (5.55x)
January 17, 2025
Industry (14.88x)
January 17, 2025
Highest (35.86x)
April 2, 2019
Canara Bank Earnings and Dividends
Canara Bank Earnings Results
Canara Bank’s net profit jumped 10.27% since last year same period to ₹4,187.76Cr in the Q2 2024-2025. On a quarterly growth basis, Canara Bank has generated 2.96% jump in its net profits since last 3-months.
Read More about Earnings ResultsCanara Bank Dividends May,2024
In the quarter ending March 2024, Canara Bank has declared dividend of ₹3.22 - translating a dividend yield of 15.55%.
Read More about Dividends
Canara Bank Technicals Summary
Bearish
Neutral
Bullish
Canara Bank is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Canara Bank
Canara Bank share price today stands at ₹97.88, Open. ₹96.96 ; Previous Close. ₹97.33 ; High. ₹98.37 ; Low. ₹96.5 ; 52 Week High. ₹128.9 ; 52 Week Low: ₹87.79.
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Canara Bank is listed on NSE
Canara Bank is listed on BSE
- Today’s highest price of Canara Bank is ₹98.37.
- Today’s lowest price of Canara Bank is ₹96.5.
PE Ratio of Canara Bank is 5.55
PE ratio = Canara Bank Market price per share / Canara Bank Earnings per share
Today’s traded volume of Canara Bank(CANBK) is 1.55Cr.
Today’s market capitalisation of Canara Bank(CANBK) is ₹88284.65Cr.
| Canara Bank(CANBK | Price |
|---|---|
52 Week High | ₹128.9 |
52 Week Low | ₹87.79 |
Canara Bank(CANBK) share price is ₹97.88. It is down -24.07% from its 52 Week High price of ₹128.9
Canara Bank(CANBK) share price is ₹97.88. It is up 11.49% from its 52 Week Low price of ₹87.79
| Canara Bank(CANBK | Returns |
|---|---|
1 Day Returns | 0.55% |
1 Month Returns | -5.15% |
3 Month Returns | -6.49% |
1 Year Returns | 6.8% |