National Bank of Canada (TSE:NA) Price Target Raised to C$206.50

National Bank of Canada (TSE:NA) had its target price raised by stock analysts at Raymond James Financial from C$200.00 to C$206.50 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Raymond James Financial’s target price indicates a potential upside of 1.12% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Canadian Imperial Bank of Commerce upped their price objective on shares of National Bank of Canada from C$189.00 to C$193.00 in a research report on Thursday, February 26th. TD boosted their target price on shares of National Bank of Canada from C$182.00 to C$202.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Scotiabank boosted their target price on shares of National Bank of Canada from C$202.00 to C$214.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 4th. BMO Capital Markets upped their price objective on shares of National Bank of Canada from C$177.00 to C$195.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Finally, Desjardins upped their price objective on shares of National Bank of Canada from C$200.00 to C$215.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, National Bank of Canada currently has an average rating of “Hold” and an average price target of C$194.04.

National Bank of Canada Trading Down 1.6%

Shares of National Bank of Canada stock traded down C$3.23 during trading hours on Wednesday, reaching C$204.22. The stock had a trading volume of 509,213 shares, compared to its average volume of 1,485,379. The stock’s 50 day moving average is C$191.84 and its 200 day moving average is C$176.95. The firm has a market capitalization of C$79.06 billion, a PE ratio of 19.69, a PEG ratio of 7.14 and a beta of 1.30. National Bank of Canada has a twelve month low of C$125.96 and a twelve month high of C$209.89.

National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. The business had revenue of C$3.89 billion during the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. As a group, sell-side analysts predict that National Bank of Canada will post 10.8360791 earnings per share 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.