National Bank of Canada (TSE:NA) Price Target Raised to C$166.00

National Bank of Canada (TSE:NA) had its target price raised by Canaccord Genuity Group from C$160.00 to C$166.00 in a report published on Thursday,BayStreet.CA reports.

Several other analysts also recently issued reports on NA. Jefferies Financial Group lowered their price objective on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Scotiabank upped their target price on shares of National Bank of Canada from C$159.00 to C$166.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Barclays raised their price target 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 report on Monday, November 24th. Raymond James Financial set a C$168.00 price objective on shares of National Bank of Canada and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Finally, Royal Bank Of Canada upped their price objective on shares of National Bank of Canada from C$149.00 to C$163.00 in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold” and a consensus target price of C$161.50.

National Bank of Canada Price Performance

Shares of NA opened at C$170.76 on Thursday. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$175.99. The stock’s 50-day moving average is C$157.74 and its two-hundred day moving average is C$147.81. The stock has a market cap of C$66.65 billion, a PE ratio of 16.82, a P/E/G ratio of 7.14 and a beta of 1.13.

National Bank of Canada (TSE:NA) last posted its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share (EPS) for the quarter. The business 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%. On average, research analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share for the current 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.