National Bank of Canada (TSE:NA) Price Target Raised to C$184.00

National Bank of Canada (TSE:NA) had its price target hoisted by Scotiabank from C$166.00 to C$184.00 in a report released on Thursday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the financial services provider’s stock.

Several other equities research analysts have also recently commented on the company. Jefferies Financial Group lowered their target price on National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a research note on Tuesday, November 25th. TD Securities lifted their price objective on National Bank of Canada from C$161.00 to C$181.00 and gave the stock a “hold” rating in a research report on Thursday. CIBC boosted their price objective on National Bank of Canada from C$154.00 to C$166.00 in a report on Wednesday, November 19th. Royal Bank Of Canada raised their target price on shares of National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday. Finally, Canaccord Genuity Group lifted their price target on shares of National Bank of Canada from C$160.00 to C$166.00 in a research report 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, the stock currently has an average rating of “Hold” and a consensus target price of C$161.50.

National Bank of Canada Price Performance

TSE NA opened at C$170.76 on Thursday. The stock’s 50 day simple moving average is C$157.74 and its 200 day simple moving average is C$147.81. National Bank of Canada has a one year low of C$106.67 and a one year high of C$175.99. The firm has a market cap of C$66.65 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 7.14 and a beta of 1.13.

National Bank of Canada (TSE:NA) last announced its 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. As a group, equities analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current 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.