National Bank of Canada (TSE:NA) Given New C$179.00 Price Target at CIBC

National Bank of Canada (TSE:NA) had its price target increased by analysts at CIBC from C$174.00 to C$179.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the financial services provider’s stock. CIBC’s target price would suggest a potential upside of 3.70% from the company’s previous close.

A number of other research firms have also commented on NA. Royal Bank Of Canada lifted their price target on shares of National Bank of Canada from C$149.00 to C$163.00 in a research report on Thursday, December 4th. Raymond James Financial upped their target price on National Bank of Canada from C$168.00 to C$173.00 and gave the company a “market perform” rating in a research note on Thursday, December 4th. Barclays increased their price target on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. Jefferies Financial Group reduced their target price on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating on the stock in a research note on Tuesday, November 25th. Finally, TD Securities lifted their price objective on National Bank of Canada from C$161.00 to C$181.00 and gave the company a “hold” rating in a research report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, National Bank of Canada presently has a consensus rating of “Hold” and an average price target of C$161.92.

National Bank of Canada Stock Performance

Shares of TSE NA traded down C$0.51 during mid-day trading on Thursday, reaching C$172.62. The company had a trading volume of 523,581 shares, compared to its average volume of 1,815,668. The company has a market capitalization of C$67.70 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 7.14 and a beta of 1.13. The stock has a fifty day moving average of C$159.17 and a two-hundred day moving average of C$148.72. National Bank of Canada has a 12-month low of C$106.67 and a 12-month 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 (EPS) for the quarter. The company had revenue of C$3.70 billion during the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. Sell-side analysts forecast 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.