Jefferies Financial Group Boosts National Bank of Canada (TSE:NA) Price Target to C$188.00

National Bank of Canada (TSE:NA) had its price target raised by analysts at Jefferies Financial Group from C$172.00 to C$188.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential downside of 10.23% from the stock’s current price.

A number of other research firms have also issued reports on NA. Desjardins increased their target price on National Bank of Canada from C$200.00 to C$215.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Scotiabank increased their target price on National Bank of Canada from C$202.00 to C$214.00 and gave the company a “sector outperform” rating in a report on Monday, May 4th. Royal Bank Of Canada reduced their target price on National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. Barclays increased their target price on National Bank of Canada from C$177.00 to C$183.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Finally, TD Securities upped their price target on shares of National Bank of Canada from C$175.00 to C$182.00 in a research note on Thursday, February 26th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, National Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$197.54.

National Bank of Canada Stock Performance

Shares of TSE NA traded up C$2.39 during trading on Wednesday, hitting C$209.43. The company had a trading volume of 465,962 shares, compared to its average volume of 1,474,981. The business’s 50-day moving average is C$193.36 and its 200 day moving average is C$178.72. The company has a market cap of C$81.07 billion, a P/E ratio of 20.20, a PEG ratio of 7.14 and a beta of 1.30. National Bank of Canada has a 52 week low of C$127.50 and a 52 week high of C$209.92.

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