National Bank of Canada (TSE:NA) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

National Bank of Canada (TSE:NA) had its price target upped by Canadian Imperial Bank of Commerce from C$196.00 to C$209.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Canadian Imperial Bank of Commerce’s price target would suggest a potential upside of 2.14% from the company’s previous close.

Several other research analysts also recently weighed in on NA. TD lifted their target price 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 report on Tuesday, May 5th. 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. Desjardins boosted their price objective on shares of National Bank of Canada from C$200.00 to C$215.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. TD Securities boosted their price objective on shares of National Bank of Canada from C$175.00 to C$182.00 in a research note on Thursday, February 26th. Finally, Raymond James Financial upped their target price on shares of National Bank of Canada from C$200.00 to C$206.50 and gave the company a “market perform” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$195.38.

National Bank of Canada Stock Down 0.6%

Shares of TSE:NA opened at C$204.62 on Thursday. The company has a market cap of C$79.21 billion, a PE ratio of 19.73, a P/E/G ratio of 7.14 and a beta of 1.30. The company’s 50-day moving average price is C$192.66 and its 200 day moving average price is C$177.86. National Bank of Canada has a fifty-two week low of C$127.47 and a fifty-two week high of C$209.89.

National Bank of Canada (TSE:NA) last released its quarterly earnings results 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 company had revenue of C$3.89 billion for the quarter. As a group, equities analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current 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.