National Bank of Canada (TSE:NA) Price Target Raised to C$174.00 at CIBC

National Bank of Canada (TSE:NA) had its price target lifted by research analysts at CIBC from C$166.00 to C$174.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. CIBC’s price objective suggests a potential upside of 1.22% from the company’s previous close.

A number of other analysts also recently weighed in on NA. Canaccord Genuity Group increased their price target on shares of National Bank of Canada from C$160.00 to C$166.00 in a research report on Thursday. Scotiabank increased their target price on shares of National Bank of Canada from C$166.00 to C$184.00 and gave the stock an “outperform” rating in a report on Thursday. Desjardins boosted their price target on shares of National Bank of Canada from C$167.00 to C$175.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group lowered their price objective on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Finally, Royal Bank Of Canada raised their price objective on National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$160.00.

National Bank of Canada Stock Performance

NA traded up C$3.51 during trading on Thursday, reaching C$171.91. 1,332,672 shares of the company’s stock were exchanged, compared to its average volume of 1,818,550. The company’s fifty day moving average price is C$156.89 and its 200-day moving average price is C$147.20. The firm has a market capitalization of C$67.42 billion, a PE ratio of 16.94, a P/E/G ratio of 7.14 and a beta of 1.08. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$175.99.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share (EPS) for the quarter. The business had revenue of C$3.70 billion for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%. Research analysts forecast 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.