Desjardins Raises National Bank of Canada (TSE:NA) Price Target to C$180.00

National Bank of Canada (TSE:NA) had its price objective increased by investment analysts at Desjardins from C$175.00 to C$180.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Desjardins’ target price suggests a potential upside of 3.78% from the stock’s current price.

NA has been the subject of a number of other research reports. Barclays boosted their target price 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 research report on Monday, November 24th. Royal Bank Of Canada boosted their price target on National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday, December 4th. Jefferies Financial Group lowered their price objective on 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. TD Securities upped their target price 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. Finally, Scotiabank increased their target price on National Bank of Canada from C$166.00 to C$184.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$165.83.

National Bank of Canada Price Performance

National Bank of Canada stock traded up C$1.12 during trading hours on Thursday, hitting C$173.44. The company had a trading volume of 596,985 shares, compared to its average volume of 1,811,513. The firm has a 50-day moving average of C$161.43 and a 200 day moving average of C$150.15. The firm has a market cap of C$68.02 billion, a PE ratio of 17.22, a PEG ratio of 7.14 and a beta of 1.13. National Bank of Canada has a one year low of C$106.67 and a one year high of C$175.99.

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 (EPS) for the quarter. The company 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%. As a group, research analysts expect 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.