National Bank of Canada (TSE:NA) Price Target Raised to C$180.00

National Bank of Canada (TSE:NA) had its price objective increased by investment analysts at Canaccord Genuity Group from C$170.00 to C$180.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 4.68% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Scotiabank lifted their target price on National Bank of Canada from C$184.00 to C$188.00 in a research note on Friday, January 9th. Canadian Imperial Bank of Commerce lifted their target price on shares of National Bank of Canada from C$174.00 to C$179.00 and gave the company a “neutral” rating in a research note on Thursday, December 11th. Jefferies Financial Group increased their price objective on National Bank of Canada from C$156.00 to C$165.00 in a report on Wednesday. Desjardins lifted their target price on shares of National Bank of Canada from C$180.00 to C$182.00 and gave the company a “buy” rating in a research note on Monday. Finally, BMO Capital Markets raised their price target on shares of National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, National Bank of Canada currently has a consensus rating of “Hold” and a consensus target price of C$168.08.

National Bank of Canada Stock Down 0.8%

NA stock traded down C$1.46 during trading on Thursday, reaching C$171.95. 525,900 shares of the company’s stock were exchanged, compared to its average volume of 1,486,046. National Bank of Canada has a 1-year low of C$106.67 and a 1-year high of C$177.54. The company’s fifty day moving average price is C$170.95 and its 200-day moving average price is C$159.06. The firm has a market cap of C$67.11 billion, a PE ratio of 17.08, a P/E/G ratio of 7.14 and a beta of 1.05.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 EPS for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.The business had revenue of C$3.70 billion during the quarter. As a group, sell-side analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.