National Bank of Canada (TSE:NA) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised its price target on National Bank of Canada to C$196 (from C$183), implying about a 3.36% upside, and several other firms also bumped targets (consensus target C$191.55) while the consensus rating remains Hold (4 Buy, 6 Hold).
• Shares traded down 1.2% to C$189.62 on Thursday with below‑average volume; the bank has a market cap of C$74.01B, a P/E of 18.83, and a 52‑week range of C$106.67–C$193.71.
• Latest quarter showed EPS of C$3.25 and revenue of C$3.89B, with ROE of 12.83% and net margin of 15.85%, and analysts forecast roughly C$10.84 in EPS for the current year.

National Bank of Canada (TSE:NA - Get Free Report) had its price objective raised by equities researchers at National Bank Financial from C$183.00 to C$196.00 in a note issued to investors on Thursday,BayStreet.CA reports. National Bank Financial's price objective would indicate a potential upside of 3.36% from the stock's previous close.

Other analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce upped their price objective on National Bank of Canada from C$189.00 to C$193.00 in a research report on Thursday, February 26th. Raymond James Financial boosted their price target on National Bank of Canada from C$179.00 to C$200.00 and gave the company a "market perform" rating in a research report on Thursday, February 26th. Canaccord Genuity Group boosted their price target on shares of National Bank of Canada from C$180.00 to C$191.00 and gave the stock a "hold" rating in a research note on Thursday, February 26th. Desjardins boosted their target price on shares of National Bank of Canada from C$182.00 to C$200.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Finally, Royal Bank Of Canada raised their price target on National Bank of Canada from C$163.00 to C$193.00 in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$191.55.

National Bank of Canada Trading Down 1.2%

NA traded down C$2.39 on Thursday, hitting C$189.62. 591,552 shares of the company's stock were exchanged, compared to its average volume of 1,521,477. The firm has a 50-day moving average price of C$173.46 and a 200-day moving average price of C$162.81. The stock has a market cap of C$74.01 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 7.14 and a beta of 1.05. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$193.71.

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