National Bank of Canada (TSE:NA) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

National Bank of Canada (TSE:NA) had its price target upped by equities research analysts at Canaccord Genuity Group from C$205.00 to C$224.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s target price would indicate a potential downside of 1.96% from the stock’s previous close.

Several other equities research analysts also recently weighed in on NA. 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 stock a “neutral” rating in a report on Thursday, May 28th. Scotiabank raised their price target on shares of National Bank of Canada from C$214.00 to C$222.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, June 16th. Desjardins lifted their price objective on shares of National Bank of Canada from C$215.00 to C$217.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Jefferies Financial Group upped their target price on shares of National Bank of Canada from C$172.00 to C$188.00 in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada reduced their target price on shares of National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$201.08.

National Bank of Canada Stock Up 0.8%

NA traded up C$1.73 during trading on Tuesday, reaching C$228.48. The company had a trading volume of 584,563 shares, compared to its average volume of 1,478,090. The business has a 50 day simple moving average of C$210.17 and a 200-day simple moving average of C$189.90. The stock has a market cap of C$88.00 billion, a P/E ratio of 20.22, a PEG ratio of 7.14 and a beta of 1.35. National Bank of Canada has a 52 week low of C$139.29 and a 52 week high of C$228.57.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 EPS for the quarter. The firm had revenue of C$3.91 billion during the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. As a group, equities research analysts expect that National Bank of Canada will post 10.8360791 EPS for the current fiscal 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.