National Bank of Canada (TSE:NA) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

National Bank of Canada (TSE:NA) had its price objective increased by stock analysts at Royal Bank Of Canada from C$149.00 to C$163.00 in a research report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price target points to a potential downside of 5.18% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Raymond James Financial set a C$168.00 price target on shares of National Bank of Canada and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Barclays lifted their target price on National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. TD Securities lifted their price objective on shares of National Bank of Canada from C$161.00 to C$181.00 and gave the company a “hold” rating in a research report on Thursday. Desjardins increased their target price on shares of National Bank of Canada from C$167.00 to C$175.00 and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group lowered 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, November 25th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$160.00.

National Bank of Canada Trading Up 2.1%

Shares of TSE:NA traded up C$3.51 during mid-day trading on Thursday, reaching C$171.91. The stock had a trading volume of 1,332,672 shares, compared to its average volume of 1,818,550. The business’s 50 day moving average price is C$156.89 and its 200 day moving average price is C$147.20. National Bank of Canada has a 1 year low of C$106.67 and a 1 year high of C$175.99. The company has a market cap of C$67.42 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 7.14 and a beta of 1.08.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share for the quarter. The business had revenue of C$3.70 billion for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%. Analysts predict that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal 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.