National Bank of Canada (TSE:NA) Price Target Raised to C$188.00

National Bank of Canada (TSE:NA) had its price objective raised by research analysts at Jefferies Financial Group from C$172.00 to C$188.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential downside of 10.23% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. TD upped their price target on shares of National Bank of Canada from C$182.00 to C$202.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Raymond James Financial upped their price target 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 report on Wednesday, May 13th. Canaccord Genuity Group decreased their price target 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 report on Monday, March 9th. Canadian Imperial Bank of Commerce upped their price target on shares of National Bank of Canada from C$196.00 to C$209.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Barclays upped their price target on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$197.54.

National Bank of Canada Trading Up 1.2%

National Bank of Canada stock traded up C$2.39 during mid-day trading on Wednesday, hitting C$209.43. 465,962 shares of the company’s stock were exchanged, compared to its average volume of 1,474,981. The stock has a market cap of C$81.07 billion, a P/E ratio of 20.20, a P/E/G ratio of 7.14 and a beta of 1.30. National Bank of Canada has a 1-year low of C$127.50 and a 1-year high of C$209.92. The stock has a 50 day moving average of C$193.36 and a two-hundred day moving average of C$178.72.

National Bank of Canada (TSE:NA) last posted its 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 firm had revenue of C$3.89 billion for the quarter. As a group, research analysts predict that National Bank of Canada will post 10.8360791 EPS for the current fiscal 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.