Royal Bank Of Canada Cuts National Bank of Canada (TSE:NA) Price Target to C$180.00

National Bank of Canada (TSE:NA) had its price objective cut by Royal Bank Of Canada from C$193.00 to C$180.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential downside of 0.94% from the company’s current price.

NA has been the topic of several other reports. Barclays boosted their target price on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Canaccord Genuity Group reduced their price objective on shares of National Bank of Canada from C$191.00 to C$190.00 and set a “hold” rating for the company in a research note on Monday, March 9th. Scotiabank boosted their price objective on shares of National Bank of Canada from C$188.00 to C$202.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Desjardins upped their target price on shares of National Bank of Canada from C$182.00 to C$200.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Jefferies Financial Group increased their target price on shares of National Bank of Canada from C$165.00 to C$172.00 in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold” and an average target price of C$190.27.

National Bank of Canada Price Performance

TSE NA traded up C$2.22 on Wednesday, hitting C$181.70. 409,681 shares of the company’s stock were exchanged, compared to its average volume of 1,591,994. The firm has a market cap of C$70.34 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 7.14 and a beta of 1.32. The firm’s 50-day moving average price is C$175.83 and its two-hundred day moving average price is C$166.36. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$193.71.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 EPS for the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%.The business had revenue of C$3.89 billion during the quarter. On average, research analysts predict that National Bank of Canada will post 10.8360791 earnings per share 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.