Desjardins Increases National Bank of Canada (TSE:NA) Price Target to C$175.00

National Bank of Canada (TSE:NA) had its price objective increased by equities research analysts at Desjardins from C$167.00 to C$175.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Desjardins’ price objective suggests a potential upside of 1.80% from the company’s previous close.

A number of other analysts have also issued reports on the company. Jefferies Financial Group reduced their target price on National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a report on Tuesday, November 25th. Barclays boosted their price objective on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the company an “equal weight” rating in a research report on Monday, November 24th. Scotiabank increased their target price on shares of National Bank of Canada from C$159.00 to C$166.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. CIBC lifted their target price on shares of National Bank of Canada from C$154.00 to C$166.00 in a research note on Wednesday, November 19th. Finally, Raymond James Financial set a C$168.00 price target on shares of National Bank of Canada and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$160.00.

National Bank of Canada Stock Performance

Shares of TSE:NA traded up C$3.51 during trading hours on Thursday, hitting C$171.91. 1,332,672 shares of the company’s stock traded hands, compared to its average volume of 1,818,550. The company’s fifty day simple moving average is C$156.89 and its two-hundred day simple moving average is C$147.20. The company has a market cap 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. National Bank of Canada has a 52 week low of C$106.67 and a 52 week 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 EPS for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. The business had revenue of C$3.70 billion during the quarter. On average, analysts anticipate 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.