Analysts have slightly raised their price target for Canara Bank from ₹123.69 to ₹125.34, citing modest improvements in projected profit margins and future valuation multiples. This comes despite a small decrease in revenue growth expectations.
What's in the News
- Canara Bank will hold a Special/Extraordinary Shareholders Meeting on September 25, 2025, at 11:00 Indian Standard Time to consider the election of a Shareholder Director (Key Developments).
- A Board Meeting is scheduled for July 24, 2025, at 11:00 Indian Standard Time in order to approve the unaudited reviewed standalone and consolidated financial results for the first quarter and the three months ending June 30, 2025 (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has risen slightly from ₹123.69 to ₹125.34.
- Discount Rate increased marginally from 14.95% to 15.03%.
- Revenue Growth expectation fell modestly from 11.34% to 11.15%.
- Net Profit Margin improved marginally from 26.52% to 26.54%.
- Future P/E multiple climbed moderately from 8.12x to 8.28x.
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