National Bank of Canada (TSE:NA) Price Target Raised to C$214.00 at Scotiabank

National Bank of Canada (TSE:NA) had its price objective hoisted by equities researchers at Scotiabank from C$202.00 to C$214.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the financial services provider’s stock. Scotiabank’s price objective suggests a potential upside of 5.39% from the stock’s current price.

A number of other research analysts have also recently issued reports on NA. Desjardins lifted their price objective on shares of National Bank of Canada from C$182.00 to C$200.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. National Bank Financial lifted their price objective on shares of National Bank of Canada from C$183.00 to C$196.00 in a research note on Thursday, March 5th. Barclays lifted their price objective on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. TD Securities lifted their price objective on shares of National Bank of Canada from C$175.00 to C$182.00 in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada decreased their price objective on shares of National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$191.36.

National Bank of Canada Stock Down 1.0%

Shares of NA traded down C$2.15 during mid-day trading on Monday, hitting C$203.06. 324,247 shares of the company’s stock were exchanged, compared to its average volume of 1,527,183. National Bank of Canada has a 52 week low of C$121.60 and a 52 week high of C$206.16. The stock’s 50-day simple moving average is C$189.16 and its 200-day simple moving average is C$174.63. The firm has a market cap of C$78.61 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 7.14 and a beta of 1.23.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 EPS for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. The company had revenue of C$3.89 billion for the quarter. Analysts forecast 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.