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

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

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets lifted their price objective on shares of National Bank of Canada from C$177.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. TD lifted their price objective 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. National Bank Financial lifted their price objective on shares of National Bank of Canada from C$183.00 to C$196.00 in a research note on Thursday, March 5th. Canaccord Genuity Group decreased their target price on shares of National Bank of Canada from C$191.00 to C$190.00 and set a “hold” rating for the company in a research report on Monday, March 9th. Finally, Jefferies Financial Group boosted their target price on shares of National Bank of Canada from C$165.00 to C$172.00 in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$194.04.

National Bank of Canada Trading Down 1.6%

Shares of TSE:NA traded down C$3.23 on Wednesday, hitting C$204.22. 509,213 shares of the company were exchanged, compared to its average volume of 1,485,379. National Bank of Canada has a 1-year low of C$125.96 and a 1-year high of C$209.89. The stock’s 50 day moving average price is C$191.84 and its 200 day moving average price is C$176.95. The firm has a market capitalization of C$79.06 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 7.14 and a beta of 1.30.

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