National Bank of Canada (TSE:NA) Given New C$180.00 Price Target at Desjardins

National Bank of Canada (TSE:NA) had its price objective increased by Desjardins from C$175.00 to C$180.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. Desjardins’ price target would indicate a potential upside of 3.78% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of National Bank of Canada from C$160.00 to C$166.00 in a report on Thursday, December 4th. TD Securities boosted 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. Jefferies Financial Group dropped their price target on National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating on the stock in a research note on Tuesday, November 25th. Raymond James Financial increased their price target on National Bank of Canada from C$168.00 to C$173.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. Finally, CIBC boosted their price objective on National Bank of Canada from C$174.00 to C$179.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$165.83.

National Bank of Canada Stock Up 0.6%

NA traded up C$1.12 during trading on Thursday, hitting C$173.44. The company’s stock had a trading volume of 596,985 shares, compared to its average volume of 1,811,513. The firm has a market capitalization of C$68.02 billion, a P/E ratio of 17.22, a PEG ratio of 7.14 and a beta of 1.13. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$175.99. The stock’s fifty day moving average price is C$161.43 and its 200-day moving average price is C$150.15.

National Bank of Canada (TSE:NA) last released its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share for the quarter. The company had revenue of C$3.70 billion during the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. Equities research analysts expect 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.