National Bank Financial Raises National Bank of Canada (TSE:NA) Price Target to C$196.00

National Bank of Canada (TSE:NA) had its price objective boosted by stock analysts at National Bank Financial from C$183.00 to C$196.00 in a research report issued on Thursday,BayStreet.CA reports. National Bank Financial’s target price points to a potential upside of 3.36% from the company’s current price.

A number of other research firms also recently weighed in on NA. Jefferies Financial Group lifted their price target on shares of National Bank of Canada from C$165.00 to C$172.00 in a research note on Thursday, February 26th. TD Securities increased their price target on shares of National Bank of Canada from C$175.00 to C$182.00 in a research report on Thursday, February 26th. Raymond James Financial raised their target price on National Bank of Canada from C$179.00 to C$200.00 and gave the stock a “market perform” rating in a research report on Thursday, February 26th. Royal Bank Of Canada boosted their target price on shares of National Bank of Canada from C$163.00 to C$193.00 in a research note on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of National Bank of Canada from C$189.00 to C$193.00 in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$191.55.

National Bank of Canada Stock Performance

Shares of National Bank of Canada stock traded down C$2.39 during midday trading on Thursday, reaching C$189.62. 591,552 shares of the company’s stock traded hands, compared to its average volume of 1,521,477. The company has a market cap of C$74.01 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. The company’s 50 day simple moving average is C$173.46 and its 200 day simple moving average is C$162.81. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$193.71.

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