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 research analysts at Barclays from C$164.00 to C$177.00 in a note issued to investors on Thursday,BayStreet.CA reports. Barclays‘s price target indicates a potential upside of 0.56% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada lifted their target price on shares of National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday, December 4th. Raymond James Financial boosted their price objective on shares of National Bank of Canada from C$173.00 to C$179.00 and gave the company a “market perform” rating in a report on Tuesday. TD Securities reduced their target price on National Bank of Canada from C$181.00 to C$175.00 in a research note on Monday, February 9th. Canaccord Genuity Group boosted their price target on National Bank of Canada from C$170.00 to C$180.00 and gave the company a “hold” rating in a research note on Thursday, February 12th. Finally, BMO Capital Markets increased their price objective on National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$171.00.

National Bank of Canada Stock Performance

TSE:NA traded down C$0.49 during trading hours on Thursday, reaching C$176.01. The company’s stock had a trading volume of 208,412 shares, compared to its average volume of 1,451,094. The stock has a 50 day moving average price of C$171.16 and a two-hundred day moving average price of C$160.11. The company has a market capitalization of C$68.70 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$177.54.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 EPS for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.The firm had revenue of C$3.70 billion during the quarter. As a group, analysts predict that National Bank of Canada will post 10.8360791 EPS 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.