Canaccord Genuity Group Raises National Bank of Canada (TSE:NA) Price Target to C$200.00

National Bank of Canada (TSE:NA) had its target price raised by research analysts at Canaccord Genuity Group from C$190.00 to C$200.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s price objective points to a potential downside of 4.50% from the company’s previous close.

A number of other equities analysts also recently commented on NA. TD increased their price objective on shares of National Bank of Canada from C$182.00 to C$202.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Canadian Imperial Bank of Commerce increased their price objective on shares of National Bank of Canada from C$196.00 to C$209.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Desjardins increased their price objective on shares of National Bank of Canada from C$200.00 to C$215.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Raymond James Financial increased their price objective on shares of National Bank of Canada from C$200.00 to C$206.50 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Finally, Barclays upped their target price 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.com, National Bank of Canada presently has a consensus rating of “Hold” and a consensus price target of C$197.54.

National Bank of Canada Stock Performance

TSE NA traded up C$2.39 on Wednesday, reaching C$209.43. The company had a trading volume of 465,962 shares, compared to its average volume of 1,474,981. The company’s fifty day moving average is C$193.36 and its 200-day moving average is C$178.72. National Bank of Canada has a 1-year low of C$127.50 and a 1-year high of C$209.92. The firm has a market capitalization of C$81.07 billion, a price-to-earnings ratio of 20.20, 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 data 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 company had revenue of C$3.89 billion during the quarter. On average, research analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current 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.