TD Securities Lowers National Bank of Canada (TSE:NA) Price Target to C$175.00

National Bank of Canada (TSE:NA) had its price objective lowered by analysts at TD Securities from C$181.00 to C$175.00 in a report issued on Monday,BayStreet.CA reports. TD Securities’ price target points to a potential upside of 1.90% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Barclays lifted their target price on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the company an “equal weight” rating in a research note on Monday, November 24th. Jefferies Financial Group dropped their price objective on National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating on the stock in a report on Tuesday, November 25th. Desjardins lifted their target price on shares of National Bank of Canada from C$180.00 to C$182.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets increased their price target on shares of National Bank of Canada from C$172.00 to C$177.00 in a research note on Wednesday, December 17th. Finally, Raymond James Financial lifted their price objective on shares of National Bank of Canada from C$168.00 to C$173.00 and gave the company a “market perform” rating in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$165.83.

National Bank of Canada Stock Performance

Shares of NA stock traded up C$2.67 on Monday, reaching C$171.74. 388,346 shares of the company’s stock traded hands, compared to its average volume of 1,522,508. The business’s 50 day moving average price is C$170.73 and its two-hundred day moving average price is C$158.56. The company has a market capitalization of C$67.03 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. National Bank of Canada has a 12-month low of C$106.67 and a 12-month high of C$177.54.

National Bank of Canada (TSE:NA) last issued its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share for the quarter. The company 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%. Research analysts predict that National Bank of Canada will post 10.8360791 earnings per share for the current 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.