Canaccord Genuity Group Raises National Bank of Canada (TSE:NA) Price Target to C$200.00

National Bank of Canada (TSE:NA – Get Free Report) had its price objective raised by analysts at Canaccord Genuity Group from C$190.00 to C$200.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s target price would suggest a potential downside of 4.50% from the stock’s previous close.

NA has been the subject of a number of other research reports. Royal Bank Of Canada lowered their target price on shares of National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. National Bank Financial lifted their price objective on National Bank of Canada from C$183.00 to C$196.00 in a research note on Thursday, March 5th. Raymond James Financial lifted their price objective on National Bank of Canada from C$200.00 to C$206.50 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Scotiabank lifted their price objective on National Bank of Canada from C$202.00 to C$214.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 4th. Finally, BMO Capital Markets lifted their price objective on National Bank of Canada from C$177.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$197.54.

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National Bank of Canada Trading Up 1.2%

Shares of National Bank of Canada stock traded up C$2.39 during midday trading on Wednesday, reaching C$209.43. The company had a trading volume of 465,962 shares, compared to its average volume of 1,474,981. The company has a market capitalization of C$81.07 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 7.14 and a beta of 1.30. The stock has a fifty day simple moving average of C$193.36 and a 200 day simple moving average of C$178.72. National Bank of Canada has a 1-year low of C$127.50 and a 1-year high of C$209.92.

National Bank of Canada (TSE:NA – Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. The business had revenue of C$3.89 billion during the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. Sell-side analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Company Profile

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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.

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