National Bank of Canada (TSE:NA) Given New C$205.00 Price Target at Canaccord Genuity Group

National Bank of Canada (TSE:NA – Get Free Report) had its price objective hoisted by equities research analysts at Canaccord Genuity Group from C$204.00 to C$205.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 0.02% from the stock’s previous close.

Several other research firms have also weighed in on NA. Barclays raised their price objective on National Bank of Canada from C$177.00 to C$183.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Desjardins raised their price objective on National Bank of Canada from C$215.00 to C$217.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce raised their price objective on National Bank of Canada from C$209.00 to C$221.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. TD Securities raised their price objective on National Bank of Canada from C$175.00 to C$182.00 in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada reduced their price objective on National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, National Bank of Canada currently has an average rating of “Hold” and a consensus target price of C$198.83.

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National Bank of Canada Stock Performance

Shares of TSE NA traded up C$1.52 during mid-day trading on Friday, reaching C$204.96. The company had a trading volume of 398,526 shares, compared to its average volume of 1,469,363. National Bank of Canada has a one year low of C$133.41 and a one year high of C$214.78. The firm has a market cap of C$78.94 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 7.14 and a beta of 1.30. The business’s 50-day simple moving average is C$199.23 and its 200 day simple moving average is C$182.68.

National Bank of Canada (TSE:NA – Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 EPS for the quarter. National Bank of Canada had a return on equity of 13.77% and a net margin of 16.87%.The company had revenue of C$3.91 billion for the quarter. On average, sell-side analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current year.

About National Bank of Canada

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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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