Canaccord Genuity Group Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its target price lifted by equities research analysts at Canaccord Genuity Group from C$160.00 to C$166.00 in a report released on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential downside of 3.44% from the company’s current price.

A number of other analysts have also recently weighed in on NA. CIBC raised their price target on shares of National Bank of Canada from C$154.00 to C$166.00 in a report on Wednesday, November 19th. Raymond James Financial set a C$168.00 price objective on shares of National Bank of Canada and gave the company a “market perform” rating in a report on Tuesday, November 25th. Desjardins lifted their price target on National Bank of Canada from C$167.00 to C$175.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank Of Canada raised their price objective on National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday. Finally, Scotiabank lifted their target price on National Bank of Canada from C$159.00 to C$166.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$160.00.

National Bank of Canada Trading Up 2.1%

Shares of NA traded up C$3.51 during trading hours on Thursday, hitting C$171.91. The company had a trading volume of 1,332,672 shares, compared to its average volume of 1,818,550. The company has a market capitalization of C$67.42 billion, a PE 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 one year low of C$106.67 and a one year high of C$175.99. The company’s fifty day moving average price is C$156.89 and its two-hundred day moving average price is C$147.20.

National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.The company had revenue of C$3.70 billion for the quarter. Analysts forecast 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.