National Bank of Canada (TSE:NA) Given New C$159.00 Price Target at Scotiabank

Key Points

• Scotiabank has raised the price target for National Bank of Canada from C$150.00 to C$159.00, suggesting a potential upside of 5.77% from its current price.
• National Bank of Canada currently holds a consensus rating of "Hold," with a majority of analysts maintaining a Hold rating and two analysts giving a Buy rating.
• The bank's shares are trading at C$150.32, reflecting a slight increase during mid-day trading, with a market cap of C$58.95 billion.

National Bank of Canada (TSE:NA - Get Free Report) had its target price upped by analysts at Scotiabank from C$150.00 to C$159.00 in a research note issued on Friday,BayStreet.CA reports. Scotiabank's price objective would suggest a potential upside of 5.77% from the stock's current price.

Several other equities analysts have also recently weighed in on NA. Cibc World Mkts raised shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st. Desjardins reduced their price objective on shares of National Bank of Canada from C$150.00 to C$149.00 and set a "hold" rating for the company in a research report on Thursday, August 28th. CIBC lifted their price objective on shares of National Bank of Canada from C$151.00 to C$154.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Barclays lifted their price objective on shares of National Bank of Canada from C$141.00 to C$147.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, Royal Bank Of Canada cut their price objective on shares of National Bank of Canada from C$152.00 to C$148.00 and set a "sector perform" rating for the company in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$144.42.

National Bank of Canada Trading Up 0.1%

Shares of TSE:NA traded up C$0.19 during mid-day trading on Friday, reaching C$150.32. The stock had a trading volume of 385,153 shares, compared to its average volume of 1,859,575. The firm has a market cap of C$58.95 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 7.14 and a beta of 1.10. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$155.00. The firm has a 50 day simple moving average of C$148.50 and a two-hundred day simple moving average of C$136.00.

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.

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