National Bank of Canada (TSE:NA) PT Set at C$168.00 by Raymond James Financial

National Bank of Canada (TSE:NA) has been assigned a C$168.00 price objective by Raymond James Financial in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Raymond James Financial’s price target points to a potential upside of 1.76% from the company’s previous close.

Several other analysts also recently issued reports on the stock. TD Securities lifted their price target on shares of National Bank of Canada from C$148.00 to C$161.00 in a research report on Monday, November 10th. Desjardins raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada reduced their price objective on shares of National Bank of Canada from C$152.00 to C$148.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th. CIBC upped their target price on shares of National Bank of Canada from C$154.00 to C$166.00 in a report on Wednesday, November 19th. Finally, Jefferies Financial Group dropped their price target on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating on the stock in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, National Bank of Canada presently has an average rating of “Hold” and an average price target of C$150.77.

National Bank of Canada Stock Performance

Shares of NA traded up C$1.44 during mid-day trading on Tuesday, reaching C$165.09. 433,055 shares of the company were exchanged, compared to its average volume of 1,816,546. The business has a 50 day simple moving average of C$154.51 and a two-hundred day simple moving average of C$145.29. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$165.17. The stock has a market capitalization of C$64.74 billion, a PE ratio of 16.27, a PEG ratio of 7.14 and a beta of 1.08.

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.