UCO Bank Share Price Target 2024, 2025, 2030, 2040, 2050
It is an Indian bank which provides banking services to the people. It is a very old bank and has multiple branches not only in India but out of the country too. It provides various types of loans with a very low interest rate.
What is UCO Bank NSE: UCOBANK?
Contents
- 1 What is UCO Bank NSE: UCOBANK?
- 2 UCO Bank Share Price Target 2024
- 3 UCO Bank Share Price Target 2025
- 4 Share Price Target 2030
- 5 Share Price Target 2040
- 6 Share Price Target 2050
- 7 Price Summary
- 8 Should I Buy UCO Bank Stock?
- 9 UCO Bank Ltd Earning Results
- 10 Is UCO Bank Stock Good to Buy? (Bull case & Bear case)
- 11 Conclusion
- 12 FAQs
UCO Bank, owned by the Government of India, provides multiple banking services, such as loans and services to businesses, offering services to individuals, such as home and personal loans, and other banking services.
They also help with international banking for people living abroad, foreign currency loans, and money transfers, as well as rural banking services for farmers and small businesses. Its branches are in India as well as the out of the country. It also provides different types of loans, such as personal, education, gold, home, and car loans, along with government-related services and an EMI calculator to help customers plan their payments.
This bank usually provides loans, and deposits, opens bank accounts, and makes a profit. Its branches have been spread in rural as well as urban areas. They are making all the branches more digital and bigger for better benefit of customers and owners. Also, the company has improved much in its company so it’s slowly going to touch its all-time high price. The price target would be 95rs per share in 2024.
Month (2024) | Minimum Target | Maximum Target |
January | Rs 43 | Rs 51 |
February | Rs 50 | Rs 53 |
March | Rs 53 | Rs 55 |
April | Rs 52 | Rs 57 |
May | Rs 49 | Rs 53 |
June | Rs 47 | Rs 55 |
July | Rs 52 | Rs 58 |
August | Rs 50 | Rs 57 |
September | Rs 52 | Rs 57 |
October | Rs 55 | Rs 62 |
November | Rs 60 | Rs 68 |
December | Rs 70 | Rs 95 |
Year | Minimum Price | Maximum Price |
2024 | 45 | 95 |
In the year 2014, the company was not in a good position its share price was continuously going down it is due of the company wasn’t surviving the competition and couldn’t do good money management. Finally, the company was at its all-time low in the year 2022 and after that, the company made lots of changes which led to an increase in its share price and soon went to its all-time high price. So the price target for the year 2025 will be 125 rs.
Year | Minimum Price | Maximum Price |
2025 | 70 | 124 |
it is improving customer service, updating its branches with technology, and getting stronger in the market. This will bring more people to this bank. The management plans to update its market system and add more online services in the next few years, which could make the price go up a lot. For the long term, this bank is very old so, the future should be bright as it improves its service day by day. So, by considering it all the target price in the year 2030 would be 370 rs.
Year | Minimum Price | Maximum Price |
2030 | 290 | 370 |
This bank is controlled by the government, so for the long term, you can trust this stock for better returns. if UCO bank keeps this performance as it is now (2024) then it will give you a better return in the long term. New technology has been brought to the urban as well as rural areas, and also the bank is managed by the government so this is also a good sign for doing good in the future. So the price target in the year 2040 will be 850 rs.
Year | Minimum Price | Maximum Price |
2040 | 700 | 850 |
Now, let’s look at UCO Bank’s long-term share price target to see what returns it might give. in the last 5 years, UCO Bank’s share price has gone up by 90%. Also, The banks in India are growing fast because the government is spending money on building things, the policies are good, people have more money to spend, they are buying more things, and it’s easier for them to borrow money from banks. So you can trust this stock for the long term. The share price target for the year 2050 could be 1700 rs.
Year | Minimum Price | Maximum Price |
2050 | 1500 | 1700 |
Price Summary
Year | Minimum Price | Maximum Price |
2024 | 45 | 95 |
2025 | 70 | 124 |
2030 | 290 | 370 |
2040 | 700 | 850 |
2050 | 1500 | 1700 |
Should I Buy UCO Bank Stock?
If you look at its price chart then you will find that the price suddenly fell down in the year 2014 and continued to its downtrend till 2022. But after that the bank has done very hard work, improved its money management system, the bank introduced attractive offers to attract the people. At the current time, the price is going to its all-time high price so you can take the risk for better returns.
UCO Bank Ltd Earning Results
Company Fundamental | Value |
Market Cap | Rs. 70,659.71Cr |
CASA % | 36.79 |
No. of Shares | Rs. 195.60 Cr |
P/E | 41.34 |
P/B | 2.92 |
Face Value | Rs. 10 |
Div. Yield | 0 % |
Book Value (TTM) | Rs. 20.22 |
Net Interest Income | Rs. 7343.13 Cr |
Cost to Income % | 55.94 |
Promoter Holding | 95.39% |
EPS (TTM) | Rs. 1.43 |
CAR % | 16.51 |
ROE | 8.50% |
ROCE | 9.11% |
Profit Growth | 100.30% |
Is UCO Bank Stock Good to Buy? (Bull case & Bear case)
Bull Case:
- This bank is supported by government policies. As the economy expands, the bank could lend more and earn more from interest.
- If UCO Bank’s stock price is low compared to its future earnings potential, it could be a good deal for investors looking for bargains.
- The bank is working to become better at managing money, lowering the number of loans that people aren’t paying back, and making more profit. If these changes succeed, it could mean the bank makes more money and investors feel more sure about it.
Bear Case:
- UCO Bank, like other banks in India, has struggled with loans that aren’t being paid back. If these bad loans stay high or get worse, it could convert to loss.
- Competition Pressure: UCO Bank faces tough competition from other banks. This competition could limit its ability to make more money.
Conclusion
So we have provided you with the depth details of UCO bank. There is little debt in this company that’s why its stock is going in the upward direction at slow speed. Also, the bank is owned by the government, and many government schemes are launched in this bank. The company is improving its money management so the future would be good for the long term.