National Bank of Canada (TSE:NA) Stock Price Expected to Rise, TD Securities Analyst Says

National Bank of Canada (TSE:NA) had its target price lifted by TD Securities from C$161.00 to C$181.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD Securities’ price target points to a potential upside of 5.29% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Jefferies Financial Group lowered their price target on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating on the stock in a report on Tuesday, November 25th. Scotiabank boosted their target price on National Bank of Canada from C$159.00 to C$166.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Raymond James Financial set a C$168.00 price target on National Bank of Canada and gave the company a “market perform” rating in a research report on Tuesday, November 25th. Desjardins lifted their price objective on National Bank of Canada from C$167.00 to C$175.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Barclays boosted their price objective on National Bank of Canada from C$147.00 to C$158.00 and gave the company an “equal weight” rating in a research note on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, National Bank of Canada has a consensus rating of “Hold” and an average price target of C$160.00.

National Bank of Canada Price Performance

Shares of National Bank of Canada stock traded up C$3.51 during trading hours on Thursday, hitting C$171.91. 1,332,672 shares of the company’s stock traded hands, compared to its average volume of 1,818,550. The stock has a market capitalization of C$67.42 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 7.14 and a beta of 1.08. National Bank of Canada has a 12-month low of C$106.67 and a 12-month high of C$175.99. The company has a fifty day simple moving average of C$156.89 and a 200-day simple moving average of C$147.20.

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 for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. The company had revenue of C$3.70 billion during the quarter. On average, analysts forecast that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

About National Bank of Canada

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.