With a history spanning more than a century, UCO Bank is one of the most established and reputable banks in India. The bank has been able to weather many economic cycles and continue to develop in the highly competitive banking industry by placing a significant emphasis on customer-centricity and innovation. Many investors are interested in the likely course of UCO Bank’s share price in the upcoming years as they look to the future.
We will examine the share price target for UCO Bank from 2023 to 2030 in this article, which is based on a number of market variables, industry trends, and the bank’s own financial performance. We’ll also look at potential threats and gains that might affect the bank’s stock price and offer guidance for investors wishing to choose UCO wisely.
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UCO BANK IN RECENT NEWS
- UCO Bank has forged a bancassurance partnership with Aditya Birla Health Insurance.
- Following its settlement with UCO Bank, Kesar Enterprises has seen its stock price hit the 20% upper circuit.
UCO BANK SHARE PRICE TARGET 2023
|UCO BANK SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
The first quarter of the year is likely to see some volatility, with the maximum price reaching ₹26.00 and the minimum price dropping to ₹20.00. However, the share price is expected to pick up in the following months, with April seeing a maximum of ₹28.60 and May experiencing a dip with a minimum of ₹18.33. The trend of ups and downs is expected to continue throughout the year, with the maximum price peaking at ₹46.51 in December and the minimum price touching ₹29.04 in August and October.
Overall, while the share price target for 2023 indicates some level of volatility, it also presents opportunities for investors to buy at lower prices and sell at higher prices. With the maximum target price of ₹46.51 and minimum target price of ₹18.33, investors should keep a close eye on UCO Bank’s financial performance and any developments within the industry that could impact its share price.
UCO BANK SHARE PRICE TARGET 2024
|UCO BANK SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The year is set to begin on a positive note, with the maximum price hitting ₹48.96 in January and a minimum of ₹40.49 in April. The share price is expected to remain steady over the next few months, with the maximum target price of ₹60.80 in October and the minimum of ₹33.74 in May.
As the year progresses, UCO Bank’s share price is expected to continue its upward trajectory. November and December are predicted to be particularly strong months, with the maximum target price reaching ₹63.84 and ₹65.12, respectively. The minimum target price is also expected to rise, with a low of ₹46.77 in October and a high of ₹50.09 in December.
Overall, the share price target for 2024 shows a positive outlook for UCO Bank’s performance, with the maximum target price of ₹65.12 and the minimum target price of ₹33.74.
UCO BANK SHARE PRICE TARGET 2025
|UCO BANK SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
The year is set to start on a positive note, with the maximum target price hitting ₹66.42 in January and the minimum target price at ₹51.09. The share price is predicted to continue its growth in February and March, with the maximum target price reaching ₹73.41 in March and the minimum target price at ₹53.78 in February.
As the year progresses, the share price target for UCO Bank is expected to maintain its growth trajectory. The maximum target price is expected to reach ₹78.99 in December, while the minimum target price is predicted to be ₹45.84 in May. The months of November and December are expected to be particularly strong, with the maximum target price reaching ₹77.44 and ₹78.99, respectively.
Overall, the share price target for 2025 suggests a positive outlook for UCO Bank, with the maximum target price of ₹78.99 and the minimum target price of ₹45.84.
UCO BANK SHARE PRICE TARGET 2026 TO 2030
|UCO BANK SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
In 2026, the maximum target price is predicted to be ₹55.29 in contrast to the minimum target price of ₹38.70. The year 2027 is expected to have a lower maximum target price of ₹47.00 and a minimum target price of ₹32.90.
However, the share price target for UCO Bank is predicted to witness significant growth in the years ahead. In 2028, the maximum target price is expected to reach ₹84.60, and the minimum target price is predicted to be ₹59.22. This trend is set to continue into 2029, where the maximum target price is predicted to be a staggering ₹173.77, and the minimum target price is predicted to be ₹121.64.
The upward trend is set to continue into 2030, with the maximum target price predicted to be ₹193.52, and the minimum target price is set to be ₹135.46. It is essential to note that these are only predictions based on the available data, and the actual share price could vary based on various factors like market trends, economic conditions, and UCO Bank’s financial performance.
FINANCIAL STRENGTH OF UCO BANK (2022)
|Total Income Growth (%)||1.19|
|Provisions & Contingencies||3,867.67|
|Provisions & Contingencies Growth (%)||-2.87|
|Profit after Tax (PAT)||894.92|
|PAT Growth (%)||456.63|
|Net Interest Margin (%)||2.41|
|Net Profit Margin (%)||5.97|
|Basic EPS (₹)||0.77|
UCO Bank’s financial statement for the fiscal year 2022 shows a mixed bag of results. The company’s total income increased by 1.19% compared to the previous year, reaching INR 18,082.15 crore. However, the provisions and contingencies decreased by 2.87% to INR 3,867.67 crore. UCO Bank’s profit after tax (PAT) saw a significant growth of 456.63% to reach INR 894.92 crore. The net interest margin and net profit margin stood at 2.41% and 5.97%, respectively. The basic EPS for the year was INR 0.77. While the company’s revenue growth was positive, the provision and contingencies showed a decline. The PAT showed a remarkable growth, indicating that the company made significant improvements in managing its profit and loss account. The company’s performance for the fiscal year 2022 showcases a potential for growth in the future, as it continues to make progress towards achieving maximum profitability while maintaining a healthy balance sheet.
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What is the maximum share price target of UCO Bank in 2026?
The maximum share price target of UCO Bank in 2026 is Rs. 55.29
What is the maximum share price target of UCO Bank in 2027?
The maximum share price target of UCO Bank in 2027 is Rs. 47.00
What is the maximum share price target of UCO Bank in 2028?
The maximum share price target of UCO Bank in 2028 is Rs. 84.60
What is the maximum share price target of UCO Bank in 2029?
The maximum share price target of UCO Bank in 2029 is Rs. 173.77
What is the maximum share price target of UCO Bank in 2030?
The maximum share price target of UCO Bank in 2030 is Rs. 193.52
CONCLUSION: UCO BANK SHARE PRICE TARGET
The corporation has demonstrated both good and negative trends during the last five years, according to UCO Bank’s financial records. The growth rate of the total income in FY 2022 was just 1.19%, while the growth rate of the provisions and contingencies was negative at -2.87%. However with a growth rate of 456.63%, the profit after tax (PAT) has grown dramatically, showing enhanced profitability. Both the net profit margin and the net interest margin have stayed consistent over time.
It might be challenging to decide whether UCO Bank shares are a solid investment when taking these financial metrics into account. Investors should carefully assess their investment plan and risk tolerance before investing in UCO because the company’s growth has been uneven.