National Bank of Canada (TSE:NA) Given New C$209.00 Price Target at Canadian Imperial Bank of Commerce

National Bank of Canada (TSE:NA – Get Free Report) had its price objective increased by investment analysts at Canadian Imperial Bank of Commerce from C$196.00 to C$209.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Canadian Imperial Bank of Commerce’s price objective would indicate a potential upside of 1.92% from the stock’s current price.

Other analysts have also issued research reports about the stock. Raymond James Financial lifted their target price on shares of National Bank of Canada from C$200.00 to C$206.50 and gave the company a “market perform” rating in a research report on Wednesday. National Bank Financial boosted their price target on shares of National Bank of Canada from C$183.00 to C$196.00 in a research report on Thursday, March 5th. TD Securities boosted their price target on shares of National Bank of Canada from C$175.00 to C$182.00 in a research report on Thursday, February 26th. Royal Bank Of Canada lowered their price target on shares of National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 25th. Finally, Barclays boosted their price target on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$195.38.

Get National Bank of Canada alerts:

Check Out Our Latest Report on National Bank of Canada

National Bank of Canada Stock Up 0.2%

Shares of TSE NA traded up C$0.43 during trading on Thursday, hitting C$205.07. The company had a trading volume of 389,213 shares, compared to its average volume of 1,481,867. The stock has a fifty day simple moving average of C$192.11 and a two-hundred day simple moving average of C$177.31. National Bank of Canada has a fifty-two week low of C$126.13 and a fifty-two week high of C$209.89. The firm has a market capitalization of C$79.39 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 7.14 and a beta of 1.30.

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

About National Bank of Canada

(Get Free Report)

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.

See Also

• Five stocks we like better than National Bank of Canada
• YETI Rallies After Earnings Beat and Raised Outlook
• How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
• Cisco’s Vertical Rally May Still Be in the Early Innings
• Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.