Scotiabank Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price target upped by research analysts at Scotiabank from C$214.00 to C$222.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the financial services provider’s stock. Scotiabank’s target price suggests a potential upside of 3.93% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group increased their price target on National Bank of Canada from C$172.00 to C$188.00 in a report on Wednesday, May 20th. Canadian Imperial Bank of Commerce increased their price target on National Bank of Canada from C$209.00 to C$221.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Canaccord Genuity Group upped their price objective on National Bank of Canada from C$204.00 to C$205.00 and gave the company a “hold” rating in a research note on Friday, June 5th. TD upped their price objective on National Bank of Canada from C$182.00 to C$202.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Finally, BMO Capital Markets increased their price target on National Bank of Canada from C$177.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$199.50.

National Bank of Canada Trading Up 1.2%

NA stock traded up C$2.54 during trading on Tuesday, hitting C$213.61. The company had a trading volume of 359,577 shares, compared to its average volume of 1,443,904. The business has a 50-day moving average of C$203.01 and a 200-day moving average of C$184.88. National Bank of Canada has a one year low of C$134.24 and a one year high of C$214.78. The stock has a market cap of C$82.27 billion, a PE ratio of 18.90, a PEG ratio of 7.14 and a beta of 1.40.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 EPS for the quarter. National Bank of Canada had a return on equity of 13.77% and a net margin of 16.87%.The business had revenue of C$3.91 billion for the quarter. Research analysts forecast that National Bank of Canada will post 10.8360791 EPS for the current 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.