National Bank of Canada (TSE:NA) Price Target Raised to C$217.00 at Desjardins

National Bank of Canada (TSE:NA – Get Free Report) had its target price increased by stock analysts at Desjardins from C$215.00 to C$217.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. Desjardins’ target price would suggest a potential upside of 6.53% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group lifted their price target on National Bank of Canada from C$172.00 to C$188.00 in a report on Wednesday, May 20th. Raymond James Financial lifted their price target on National Bank of Canada from C$200.00 to C$206.50 and gave the company a “market perform” rating in a report on Wednesday, May 13th. BMO Capital Markets raised their price objective on shares of National Bank of Canada from C$177.00 to C$195.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce upped their target price on National Bank of Canada from C$196.00 to C$209.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Scotiabank upped their target price on National Bank of Canada from C$202.00 to C$214.00 and gave the stock a “sector outperform” rating in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$198.42.

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National Bank of Canada Stock Performance

Shares of NA traded down C$0.21 during mid-day trading on Thursday, reaching C$203.69. 821,687 shares of the company’s stock traded hands, compared to its average volume of 1,462,861. The business’s 50-day moving average price is C$196.64 and its 200-day moving average price is C$180.97. The stock has a market capitalization of C$78.85 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 7.14 and a beta of 1.30. National Bank of Canada has a 12 month low of C$132.72 and a 12 month high of C$214.78.

National Bank of Canada (TSE:NA – Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share for the quarter. The company had revenue of C$3.91 billion for the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%. Equities research analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Company Profile

(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.

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