In this article, you will read about LIC Share Price Target prediction for this year’s end and the upcoming years 2024, 2025, 2030, 2040, and 2050.
By the end of this article, you may get an idea about LIC, and the expected share price target. We will do the analysis and predict whether the stock is best for long-term investment or not.
LIC Company Overview:
LIC also known as Life Insurance Corporation is a largest insurance company and, was established in 1956. Its headquarters are in Mumbai, India. LIC is popularly known for its extensive range of life insurance and services. Its industry is Insurance and Investment.
There are currently more than 13 lakh employees in the company, and over 245 companies and provident societies have been merged into the company. If you want any details about life insurance you can visit their official website www.licindia.in.
| Name | Life Insurance Corporation of India |
|---|---|
| Symbol | LICI |
| Industry | Insurance and Investment |
| Type | Statutory Corporation |
| Founded | 1956 |
| CEO | M R Kumar |
| Headquarters | Mumbai, India |
| Country | India |
| Locations | Nation wide |
| Website | www.licindia.in |
| Profile | Life_Insurance_Corporation |
Fundamentals of LIC:
The market cap of Life Insurance Corporation (LIC) is 3.86T. And the number of shares outstanding is 6.33B. From the table below, you can get to know about the Price of the earnings Ratio (P/E), Price to sale (P/S), Price to book (P/B), and many more like Dividend yield. LIC offers a range of services including life insurance, pension plans, mutual funds, etc.
| Market cap | 3.86T |
| Enterprise value | ₹7,193,461,522,432.00 |
| Shares outstanding | 6.33B |
| P/E ratio | 10.37 |
| Forward P/E ratio | 10.21 |
| Price / Book | 8.28 |
| Book value | ₹73.10 |
| Payout ratio | 5.10% |
| Quick ratio | – |
| Current ratio | – |
| Debt / Equity | 0.01 |
| Price / Sales | 0.47 |
| Earnings per share | ₹58.38 |
| Revenue per share | ₹1,513.16 |
| Total cash per share | ₹36.99 |
| Dividend rate | ₹3.00 |
| Ex-Dividend date | July 21, 2023 |
| Dividend yield | 0.49% |
| Five Year Avg Dividend Yield | – |
| Total cash | 467.94B |
| Total debt | 21.09M |
| Total revenue | 8.20T |
| Return on assets | – |
| Return on equity | – |
| Gross profit | 833.41B |
| Gross margin | 10.08% |
| % Held by insiders | 96.50% |
| % Held by Institutions | 0.63% |
LIC Expected Share Price Target 2023 to 2050:
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹650 | ₹700 |
| 2024 | ₹750 | ₹975 |
| 2025 | ₹1000 | ₹1180 |
| 2026 | ₹1200 | ₹1350 |
| 2027 | ₹1370 | ₹1475 |
| 2030 | ₹1875 | ₹2000 |
| 2040 | ₹3000 | ₹3200 |
| 2050 | ₹4500 | ₹5000 |
Also Consider Reading:
- Refex Industries Share Price Target.
- IRFC Share Price Target.
- JIO Financial Services Share Price Target.
- YES Bank Share Price Target.
LIC Share Price Target 2023:
Life Insurance Corporation (L.I.C) is listed on May 17 2022 ₹867.20, a discount of 8.62% to the issue price of ₹949 per share. The allotment for LIC IPO was finalized on May 12, 2022. But the stock was continuously falling. Now the share price for November 2023 is 615 and for December 2023 is 700. LIC Share Price Target For 2023 As Follows:
| Year | Target 1 | Target 2 |
| 2023 | 650 | 700 |
LIC Share Price Target 2024:
Based on the analysis we will get to know the Life Insurance Corporation (L.I.C) share price target by 2024, the minimum price of 750, and the maximum share price of 975. This range of amount is based on the strategies of the and the services of the company. LIC Share Price Target For 2024 As Follows:
| Year | Target 1 | Target 2 |
| 2024 | 750 | 975 |
LIC Share Price Target 2025:
By 2025 the expected minimum range of Life Insurance Corporation (L.I.C) share price is 1000, and the maximum share price target is 1180. LIC Share Price Target For 2025 As Follows:
| Year | Target 1 | Target 2 |
| 2025 | 1000 | 1180 |
LIC Share Price Target 2026:
Looking ahead to 2026 the expected minimum range of Life Insurance Corporation (L.I.C) share price is 1200, and the maximum share price target is 1350. LIC Share Price Target For 2026 As Follows:
| Year | Target 1 | Target 2 |
| 2026 | 1200 | 1350 |
LIC Share Price Target 2027:
By 2027 the expected minimum range of Life Insurance Corporation (L.I.C) share price is 1370, and the maximum share price target is 1475. This range of amounts will depend on the company and their offer. LIC Share Price Target For 2027 As Follows:
| Year | Target 1 | Target 2 |
| 2027 | 450 | 525 |
LIC Share Price Target 2030:
By 2030 the expected minimum range of Life Insurance Corporation (L.I.C) share price is 1875, and the maximum share price target is 2000. LIC Share Price Target For 2030 As Follows:
| Year | Target 1 | Target 2 |
| 2030 | 1875 | 2000 |
LIC Share Price Target 2040:
By 2040 the expected minimum range of Life Insurance Corporation (L.I.C) share price is 3000, and the maximum share price target is 3200. LIC Share Price Target For 2040 As Follows:
| Year | Target 1 | Target 2 |
| 2040 | 3000 | 3200 |
LIC Share Price Target 2050:
By 2050 we can easily predict from previous years’ graphs, the expected minimum range of Life Insurance Corporation (L.I.C) share price is 4500, and the maximum share price target is 5000. LIC Share Price Target For 2050 As Follows:
| Year | Target 1 | Target 2 |
| 2050 | 4500 | 5000 |
Conclusion:
I hope you got clarity on the LIC Share Price Target from 2023 to 2050. This is just the prediction, You need to analyze the graph to get an idea.
Disclaimer:
Dear people, we would like to inform you that we are not authorized by SEBI. The share price target for LIC is provided for educational and informational purposes only. The price predictions will only be valid when the market sign is positive. We do not recommend anyone to buy, sell, or hold any stock. Investors should make their analysis or take suggestions from their financial advisers/experts before making any investments.
FAQ
1. What is the LIC Share Price Target for 2023?
A: The expected price target for LIC in 2023 is 650 per share.
2. What is the LIC Share Price Target for 2025?
A: The expected price target for LIC in 2025 is 1000 to 1180 per share.
3. What is the LIC Share Price Target for 2030?
A: The expected price target for LIC in 2030 is 1875 to 2000 per share.
4. When did LIC shares got listed?
A: Life Insurance Corporation (L.I.C) is listed on May 17 2022 ₹867.20, a discount of 8.62% to the issue price of ₹949 per share.
