Royal Bank Of Canada Has Lowered Expectations for National Bank of Canada (TSE:NA) Stock Price

Key Points

• Royal Bank of Canada cut its price target on National Bank of Canada from C$193 to C$180 and maintained a "sector perform" rating, implying roughly a 0.94% downside from the current price.
• Analysts are mixed—several firms have adjusted targets between about C$175 and C$200—but MarketBeat's consensus rating is "Hold" with a consensus target of C$190.27.
• NA traded at C$181.70 mid‑day (market cap C$70.34B); the bank reported C$3.25 EPS and C$3.89B revenue for the quarter, with a 12.83% ROE and 15.85% net margin.

National Bank of Canada (TSE:NA - Get Free Report) had its price target lowered by Royal Bank Of Canada from C$193.00 to C$180.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the financial services provider's stock. Royal Bank Of Canada's price objective indicates a potential downside of 0.94% from the company's current price.

Several other research firms also recently weighed in on NA. Barclays increased their price objective on National Bank of Canada from C$177.00 to C$183.00 and gave the company an "equal weight" rating in a report on Thursday, February 26th. TD Securities increased their price target on shares of National Bank of Canada from C$175.00 to C$182.00 in a research note on Thursday, February 26th. Canaccord Genuity Group lowered their price objective on shares of National Bank of Canada from C$191.00 to C$190.00 and set a "hold" rating on the stock in a research report on Monday, March 9th. Raymond James Financial lifted their price objective on shares of National Bank of Canada from C$179.00 to C$200.00 and gave the company a "market perform" rating in a research note on Thursday, February 26th. Finally, BMO Capital Markets increased their target price on shares of National Bank of Canada from C$177.00 to C$195.00 and gave the stock an "outperform" rating in a research note on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$190.27.

National Bank of Canada Stock Performance

Shares of NA stock traded up C$2.22 during mid-day trading on Wednesday, hitting C$181.70. 409,681 shares of the stock were exchanged, compared to its average volume of 1,591,994. The stock's fifty day simple moving average is C$175.83 and its two-hundred day simple moving average is C$166.36. The stock has a market capitalization of C$70.34 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 7.14 and a beta of 1.32. National Bank of Canada has a 12-month low of C$106.67 and a 12-month high of C$193.71.

National Bank of Canada (TSE:NA - Get Free Report) last posted its earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. The business had revenue of C$3.89 billion during the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%. On average, research analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal 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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