National Bank of Canada (TSE:NA) Given New C$202.00 Price Target at TD

Key Points

• TD raised its price target on National Bank of Canada to C$202.00 (from C$182.00) while maintaining a "hold" rating; that target implies roughly a 1.17% downside from the prior close.
• Analyst consensus remains a Hold with an average target of C$193.50, after mixed revisions (e.g., Scotiabank to C$214, RBC down to C$180); four analysts rate the stock Buy and seven rate it Hold.
• Shares traded at C$204.40 (near a 52‑week high of C$206.16); market cap is about C$79.13 billion, P/E ~19.7, and the bank reported C$3.25 EPS for the most recent quarter.

National Bank of Canada (TSE:NA - Get Free Report) had its price target raised by equities researchers at TD from C$182.00 to C$202.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the financial services provider's stock. TD's price target points to a potential downside of 1.17% from the company's previous close.

Other analysts also recently issued reports about the stock. Jefferies Financial Group raised their target price on shares of National Bank of Canada from C$165.00 to C$172.00 in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce raised their target price on shares of National Bank of Canada from C$189.00 to C$193.00 in a report on Thursday, February 26th. Royal Bank Of Canada dropped their target price on shares of National Bank of Canada from C$193.00 to C$180.00 and set a "sector perform" rating on the stock in a report on Wednesday, March 25th. Scotiabank raised their price target on shares of 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. Finally, Raymond James Financial raised their price target on shares of National Bank of Canada from C$179.00 to C$200.00 and gave the stock a "market perform" rating in a research note on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, National Bank of Canada presently has a consensus rating of "Hold" and an average target price of C$193.50.

National Bank of Canada Stock Performance

National Bank of Canada stock traded up C$1.56 during trading hours on Tuesday, reaching C$204.40. 226,414 shares of the company's stock traded hands, compared to its average volume of 1,519,222. National Bank of Canada has a fifty-two week low of C$121.94 and a fifty-two week high of C$206.16. The firm has a market capitalization of C$79.13 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 7.14 and a beta of 1.23. The firm's 50 day moving average is C$189.16 and its 200-day moving average is C$174.63.

National Bank of Canada (TSE:NA - Get Free Report) last released its earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share (EPS) for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. The company had revenue of C$3.89 billion for the quarter. Analysts predict 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.

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