National Bank of Canada (TSE:NA) Price Target Raised to C$177.00

National Bank of Canada (TSE:NA) had its price objective raised by analysts at BMO Capital Markets from C$172.00 to C$177.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 2.66% from the company’s current price.

NA has been the topic of a number of other reports. Desjardins increased their target price on shares of National Bank of Canada from C$167.00 to C$175.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Jefferies Financial Group dropped their price objective on 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. CIBC lifted their target price on National Bank of Canada from C$174.00 to C$179.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. TD Securities upped their target price on National Bank of Canada from C$161.00 to C$181.00 and gave the company a “hold” rating in a research report on Thursday, December 4th. Finally, Royal Bank Of Canada raised their price target on National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$165.42.

National Bank of Canada Stock Performance

Shares of TSE:NA traded down C$1.66 on Wednesday, hitting C$172.42. 564,429 shares of the company’s stock were exchanged, compared to its average volume of 1,809,200. National Bank of Canada has a 1-year low of C$106.67 and a 1-year high of C$175.99. The company has a market capitalization of C$67.62 billion, a PE ratio of 17.12, a P/E/G ratio of 7.14 and a beta of 1.13. The firm’s 50-day moving average is C$160.97 and its 200 day moving average is C$149.99.

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