Union Bank of India Share Price Target: 2023, 2024, 2025 to 2030

Union Bank of India is a public-sector banking and financial services company headquartered in Mumbai, India. It is one of the oldest and largest public sector banks in India and is government-owned.

It was established in 11th November, 1919 and is currently the fourth largest public sector bank in India, after the State Bank of India, Bank of Baroda, and Punjab National Bank.

Union Bank of India has over 8,700 branches, 11000 ATMs, 161 million customers and more than 76,600 employees.

It provides a range of financial services, including retail banking, corporate banking, investment banking, wealth management, and insurance.

Union Bank of India Q1 FY2024 Results: Latest Earnings

Union Bank of India Stock History

Since 2002, shares of United Bank of India have been traded on the Bombay Stock Exchange. The stock has had several highs and lows throughout the years. The stock had a typically upward trend until 2010, when it reached a peak of 413.80 per share. Since that time, the price has been primarily going down.

Nonetheless, the bank began its upward trend voyage in May 2020, and it increased by more than 300% in 30 months. The COVID-19 epidemic caused a significant decrease in the price in 2021, but it has since recovered.

As of August 8th, 2023, the United Bank of India stock is now trading at around Rs.90.35 per share with a market cap of ₹61,614 Crore.

Union Bank of India in Recent News

How to buy Union Bank of India shares?

Union Bank of India’s shares is available to purchase through both online and offline stockbrokers. To purchase shares online, investors can open a trading account with a stockbroker. Once the account is opened, they can deposit funds and start trading. To purchase shares through an offline broker, investors can visit the nearest branch of a stockbroker and fill out an application form. After the application is approved, they can purchase shares of Union Bank of India.

Some of the online platforms to buy Union Bank’s shares are:

Union Bank of India Share Price Target 2023 to 2030

At the time of updating this article, the Union Bank of India is trading at ₹ 90.35 with a market cap of ₹61,614 crore. Let us look at the year-wise target for this stock to understand the future scenarios more clearly.

Union Bank of India Share Price Target 2023 is ₹116.81

Maximum and minimum share price target of Union Bank of India for August 2023 is ₹94.82 and ₹82.94. The PE of this banking stock is trading with a comparatively low value, and hence I am bullish on Union Bank share price.

Every stock’s share price is influenced by a number of variables, including the company’s performance, industry-specific government legislation, the macroeconomic climate, investor attitude, etc. From everything mentioned above, we may conclude that the Union Bank of India has a bright future.

And with that stated, we estimate that by December 2023, the price per share will reach 116.81. Union Bank share price might increase by 50% in value this year.

We are optimistic about expansion because of the recent good financial results that Union Bank has been reporting.

The sales and the profit has increased the valuation of Union Bank. So for those who want to invest, tomorrow could be a good time.

In 2023, maximum Union Bank of India could reach is ₹116.81.

Union Bank of India Share Price Target 2024 is ₹163.54

Union Bank of India Share Price Target 2025 is ₹198.38

As of now, Union Bank of India looks bullish at least until 2025.

We can predict that the Union Bank of India per-share price could reach ₹198.38 by the end of 2025. Minimum price target for UBI shares in 2025 is ₹115.12.

Union Bank of India Share Price Prediction 2026-2030

The market experts expect the share price of Union Bank of India to fall drastically in 2026 and 2027. Hence the share price of Union Bank would reach as low as ₹82.63 by 2027.

But there is an expected rise in the market in the next year, and hence in 2028, the share price would reach ₹212.47. Climbing further, it would reach ₹436.44 by the end of 2029 and finally would end 2030 at a price of ₹486.03.

Union Bank of India Financial Condition: Last 5 years

Union Bank of India Share Price Target (by Experts)

ICICI Direct: ICICI Direct recommends buying Union Bank of India with a target price of Rs 91.

Motilal Oswal: Motilal Oswal has advised to buy Union Bank with a target price of ₹95 per share.

Will Union Bank of India share price grow in 2023?

There are many factors deciding the future such as the performance of the bank, internal decisions by the management authorities, the macroeconomic environment, market sentiment, etc.

Considering all of the above, as Union Bank of India is a PSU bank, the odds are in favour of it for the year 2023. So, yes, the Union Bank of India per-share price should grow in 2023.

Can Union Bank’s share price reach ₹500?

Yes, the share price of Union Bank of India could reach ₹500 around the end of 2030 or soon after that.

What is the market cap of the Union Bank of India?

The market capitalisation of Union Bank of India is ₹ 61,614 Cr. crore as of August 8th 2023.

What is the share price target of Union Bank of India in 2025?

Maximum and minimum Union Bank of India share price target for 2025 is ₹198.38 and ₹115.12 respectively. For anyone who would be purchasing UBI shares today, can expect their portfolio to go up by a minimum 53% in next 3 years.

What is the share price target of Union Bank of India for 2030?

Union Bank of India shares is expected to trade between ₹340.22 to ₹486.03 in 2030.

Conclusion: Should you buy Union Bank of India shares in 2023?

The Indian economy has traditionally relied on contributions from the Union Bank of India.

The stock has seen its fair share of ups and downs throughout the years. The net NPA has been significantly reduced to 2.14%, which has also increased income and profit. In the most recent quarter (Q1 FY2024), they reported a respectable profit of Rs 3,236 crore.

It is anticipated that the Union Bank will continue to climb in the near future as the economy gradually recovers. By 2030, the share price of Union Bank of India might reach Rs. 486.03 if the current trend holds. For anyone seeking returns, this would be a fantastic long-term investment option.

Disclaimer: This is not a financial advise, and we are not SEBI registered financial advisor. This article on – ‘Union Bank share price target’ is for educational and informational purpose only.

Author: Aryan Hello, I am Aryan. I am passionate about writing about topics ranging from cryptocurrency and blockchain to modern developing technologies such as ML, AI, IoT, etc. Also, the collaboration of Finance and Technology attracts me.

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