National Bank of Canada (TSE:NA) Price Target Raised to C$135.00

National Bank of Canada (TSE:NA) had its target price raised by research analysts at Canaccord Genuity Group from C$123.00 to C$135.00 in a report released on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential downside of 0.39% from the stock’s current price.

Other analysts have also recently issued reports about the company. Jefferies Financial Group boosted their price target on National Bank of Canada from C$119.00 to C$126.00 in a research report on Thursday, August 29th. CIBC lowered National Bank of Canada from an “outperform” rating to a “neutral” rating in a research note on Friday, September 20th. BMO Capital Markets upped their price target on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday. Royal Bank of Canada upped their price target on National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday, August 29th. Finally, TD Securities upped their price target on National Bank of Canada from C$129.00 to C$140.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$126.36.

National Bank of Canada Stock Up 0.2 %

NA traded up C$0.33 during midday trading on Tuesday, hitting C$135.53. 231,601 shares of the company traded hands, compared to its average volume of 1,727,016. The company’s 50-day moving average is C$129.70 and its 200 day moving average is C$119.55. National Bank of Canada has a 52 week low of C$87.92 and a 52 week high of C$135.53. The firm has a market capitalization of C$46.13 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, topping the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The business had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion. On average, sell-side analysts predict 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 provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.