National Bank of Canada (TSE:NA) Price Target Raised to C$217.00 at Desjardins

National Bank of Canada (TSE:NA) had its price target hoisted by Desjardins from C$215.00 to C$217.00 in a research note issued to investors 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 6.53% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Scotiabank lifted their price target on National Bank of Canada from C$202.00 to C$214.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 4th. TD lifted their price target on 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. Canaccord Genuity Group lifted their price target on National Bank of Canada from C$190.00 to C$200.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Canadian Imperial Bank of Commerce lifted their price target on 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. Finally, Jefferies Financial Group lifted their price target on National Bank of Canada from C$172.00 to C$188.00 in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$198.42.

National Bank of Canada Price Performance

Shares of TSE:NA traded down C$0.21 on Thursday, reaching C$203.69. 821,687 shares of the company traded hands, compared to its average volume of 1,462,861. National Bank of Canada has a fifty-two week low of C$132.72 and a fifty-two week high of C$214.78. The company’s 50 day moving average is C$196.64 and its 200-day moving average is C$180.97. The stock has a market capitalization of C$78.85 billion, a PE ratio of 19.64, a P/E/G ratio of 7.14 and a beta of 1.30.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, May 27th. The financial services provider reported C$3.23 EPS for the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%.The company had revenue of C$3.91 billion during the quarter. As a group, analysts expect that National Bank of Canada will post 10.8360791 EPS 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.