National Bank of Canada (TSE:NA) Stock Price Expected to Rise, Raymond James Financial Analyst Says

National Bank of Canada (TSE:NA) had its price target upped by stock analysts at Raymond James Financial from C$168.00 to C$173.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Raymond James Financial’s price objective would suggest a potential upside of 0.63% from the company’s current price.

NA has been the subject of several other research reports. Royal Bank Of Canada upped their target price on shares of National Bank of Canada from C$149.00 to C$163.00 in a research report on Thursday. Canaccord Genuity Group raised their target price on National Bank of Canada from C$160.00 to C$166.00 in a report on Thursday. CIBC raised their price objective on National Bank of Canada from C$154.00 to C$166.00 in a research note on Wednesday, November 19th. TD Securities lifted their target price on National Bank of Canada from C$161.00 to C$181.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Barclays increased their price target on National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$160.00.

National Bank of Canada Trading Up 2.1%

Shares of National Bank of Canada stock traded up C$3.51 during midday trading on Thursday, reaching C$171.91. The company had a trading volume of 1,332,672 shares, compared to its average volume of 1,818,550. The company has a market capitalization of C$67.42 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 7.14 and a beta of 1.08. The stock has a fifty day simple moving average of C$156.89 and a 200 day simple moving average of 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.

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 company had revenue of C$3.70 billion during the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%. Sell-side analysts expect that National Bank of Canada will post 10.8360791 earnings per share 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.