Central Bank of India is one of the largest public sector banks in India, providing a wide range of financial products and services to its customers. With a rich history dating back to 1911, the bank has grown to become a major player in the Indian banking industry. In recent years, Central Bank of India’s stock price has been a topic of interest for investors and analysts alike, with many people seeking to understand the factors that drive its performance and what the future might hold for this bank’s stock price. In this article, we will take a closer look at the Central Bank of India’s stock price target for 2023 to 2030, exploring the various factors that could impact its performance and offering insights into what investors can expect from this bank in the coming years.
CENTRAL BANK OF INDIA IN RECENT NEWS
- The net profit of Central Bank of India in the fourth quarter of FY23 has experienced a significant surge of 84%, reaching ₹571 crore.
- The Central Bank of India has entered into a co-lending agreement for micro, small, and medium-sized enterprise loans.
- The Central Bank of India has been assigned credit ratings for its bonds by ICRA Ltd.
Central Bank of India Q4 net profit rises 84% to Rs 571 crore
Click here to know more: Federal Bank Ltd. Share Price Target
|Central Bank of India Share Price Prediction 2023||Maximum Price||Minimum Price|
According to our share price prediction of the Central Bank of India, it is expected to see a bullish uptrend in its share price throughout 2023, with a maximum growth percentage of 38.04 INR and a minimum growth percentage of 20.75 INR
September 2023 stands out as the month with the maximum growth rate, exhibiting the highest predicted share prices for Central Bank of India. On the other hand, June 2023 represents the month with the minimum growth rate, showcasing relatively lower predicted share prices.
This indicates that the share price of the Central Bank of India is expected to perform positively in 2023, with a favorable outlook for investors.
|Central Bank of India Share Price Prediction 2024||Maximum Price||Minimum Price|
The Central Bank of India is expected to see a continued bullish uptrend in its share price in 2024, according to the share price prediction table. The table shows that the maximum share price target for 2024 is ₹53.26 and the minimum share price target is ₹27.60.
The bank’s share price is expected to reach its peak in November 2024 and have its lowest growth in May 2024. Overall, the share price of the Central Bank of India is expected to see positive growth in 2024, providing a favorable outlook for investors.
Click here to know more about price predictions: SBI Share Price Target 2023 to 2030: Can SBI Reach1000 INR?
|Central Bank of India Share Price Target 2025||Maximum Price||Minimum Price|
The Central Bank of India share price prediction for 2025 shows an overall bullish trend, with a maximum price target ranging from ₹55.56 in January to ₹66.08 in December. The minimum price target ranges from ₹42.74 in January to ₹50.83 in December.
The data suggests an uptrend in the bank’s share price, with growth percentages ranging from 12% to 24% between the maximum and minimum targets. However, there are a few bearish periods, such as in April and May, where the minimum price target dips below the ₹50 mark.
Overall, the Central Bank of India’s share price is expected to experience positive growth in 2025.
|CBI share price target by||Maximum Price||Minimum Price|
Central Bank of India Share Price Target 2026 to 2030 – Analysts predict a mixed trend for CBI share price over the next five years. In 2026, the maximum price target is expected to be ₹46.25 while the minimum is ₹32.38.
However, the following year in 2027, the market seems to be bearish, with a minimum price target of ₹27.52. But, in 2028, the share price is expected to see a growth of 70.77% with a maximum price of ₹70.77 and minimum of ₹49.54.
The trend continues to be bullish in 2029 with a maximum price target of ₹145.37 and a minimum of ₹101.76.
Finally, in 2030, the maximum price target is ₹161.89 and the minimum is ₹113.32. Overall, the Central Bank of India share price is expected to show a positive trend with significant growth over the next five years.
Click here to know more:
Central Bank of India’s Financial Strength (2018 to 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||-0.47||-4.78||8.48||-6.04||-3.12|
|Provisions & Contingencies||4,168.38||5,528.75||5,481.74||8,777.85||7,850.00|
|Provisions & Contingencies Growth (%)||-24.61||0.86||-37.55||11.82||41.63|
|Profit after Tax (PAT)||1,075.79||-1,000.11||-1,255.72||-5,616.93||-5,139.60|
|PAT Growth (%)||–||–||–||–||–|
|Net Interest Margin (%)||2.46||2.23||2.14||2.05||2.00|
|Net Profit Margin (%)||4.69||-4.38||-5.30||-24.69||-21.27|
|Basic EPS (₹)||1.31||-1.73||-2.02||-20.10||-19.63|
The Central Bank of India has shown a mixed performance in terms of revenue and profit growth over the last five years. From FY 2018 to FY 2022, the total income of the company has decreased by 0.47%, with the maximum growth of 8.48% in FY 2020 and the minimum growth of -6.04% in FY 2019. Despite the fluctuation in total income, the company’s provisions and contingencies have seen a decrease of 24.61% in FY 2022 as compared to FY 2021, showing a positive trend. However, the profit after tax (PAT) has been negative for the last two years, with a maximum loss of -1,000.11 in FY 2021 and a minimum loss of -5,616.93 in FY 2019. The net interest margin and net profit margin have also decreased over the years, with the minimum being -24.69% in FY 2019. The basic EPS has also seen a negative trend, with a maximum loss of -20.10 in FY 2019 and a minimum loss of -1.73 in FY 2021.
CENTRAL BANK SHARE PRICE BY EXPERTS
- LKP Securities recommends purchasing Central Bank of India with a target price of ₹37.
Can the Central Bank of India reach 200 INR?
It is possible that the Central Bank of India could reach 200 INR, although it is difficult to predict the exact timeline. The Central Bank of India has a strong presence in the banking sector and has recently reported strong financial results.
The CBI share price target for 2025 is 66.08 INR.
The CBI share price target for 2030 is 161.89 INR.
The CBI’s share price in the next five years is 70.77 INR.
Click here for more details:
Based on the financial statement of the last five years, it can be concluded that the Central Bank of India has experienced fluctuations in its income growth and profit after tax (PAT). While the total income saw a decline of 0.47% in FY 2022 compared to the previous year, there was a decline of 4.78% in FY 2021 compared to FY 2020. The net profit margin saw a decline from 4.69% in FY 2022 to -4.38% in FY 2021. On the other hand, the PAT showed a decline from -1,000.11 in FY 2021 to 1,075.79 in FY 2022. The basic EPS showed a decline from -1.73 in FY 2021 to 1.31 in FY 2022.
Central Bank of India’s financial performance showed improvement in the third quarter of 2022 with a 64% increase in net profit compared to the previous year. We expect the bank to post healthy results in the upcoming years that is why these shares are profitable to buy.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.