National Bank of Canada (TSE:NA) Given New C$205.00 Price Target at Canaccord Genuity Group

National Bank of Canada (TSE:NA) had its price objective upped by Canaccord Genuity Group from C$204.00 to C$205.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s target price suggests a potential upside of 0.02% from the stock’s previous close.

NA has been the topic of a number of other research reports. Barclays increased their price target on National Bank of Canada from C$177.00 to C$183.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Scotiabank upped their price objective on National Bank of Canada from C$202.00 to C$214.00 and gave the company a “sector outperform” rating in a report on Monday, May 4th. Canadian Imperial Bank of Commerce upped their price objective on National Bank of Canada from C$209.00 to C$221.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. TD upped their price objective on 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. Finally, National Bank Financial upped their price objective on National Bank of Canada from C$183.00 to C$196.00 in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$198.83.

National Bank of Canada Stock Performance

NA traded up C$1.52 during trading hours on Friday, reaching C$204.96. The company’s stock had a trading volume of 398,526 shares, compared to its average volume of 1,469,363. National Bank of Canada has a 52 week low of C$133.41 and a 52 week high of C$214.78. The company’s 50-day moving average is C$199.23 and its 200-day moving average is C$182.68. The firm has a market cap of C$78.94 billion, a PE ratio of 18.14, 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 results on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share for the quarter. National Bank of Canada had a return on equity of 13.77% and a net margin of 16.87%.The business had revenue of C$3.91 billion for the quarter. Equities analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share 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.