National Bank of Canada (TSE:NA) Price Target Cut to C$63.00 by Analysts at Eight Capital

National Bank of Canada (TSE:NA) had its price target decreased by equities researchers at Eight Capital from C$67.00 to C$63.00 in a research report issued on Wednesday, BayStreet.CA reports. Eight Capital’s price objective indicates a potential upside of 3.43% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Canaccord Genuity decreased their price objective on National Bank of Canada from C$67.00 to C$65.00 in a research report on Wednesday, May 15th. Barclays lowered National Bank of Canada from an “equal weight” rating to an “underweight” rating and set a C$64.00 price objective for the company. in a research report on Tuesday, June 11th. CSFB decreased their price objective on National Bank of Canada from C$65.00 to C$64.00 in a research report on Friday, May 31st. Finally, Desjardins raised their price objective on National Bank of Canada from C$62.00 to C$64.00 in a research report on Tuesday, May 14th.

TSE:NA traded down C$1.60 during mid-day trading on Wednesday, reaching C$60.91. 777,438 shares of the stock were exchanged, compared to its average volume of 1,199,071. The business’s fifty day moving average price is C$63.12. The company has a market cap of $20.51 billion and a price-to-earnings ratio of 10.10. National Bank of Canada has a 1-year low of C$54.37 and a 1-year high of C$65.95.

National Bank of Canada (TSE:NA) last issued its quarterly earnings results on Thursday, May 30th. The financial services provider reported C$1.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.52 by C($0.01). The company had revenue of C$1.77 billion during the quarter, compared to analysts’ expectations of C$1.79 billion. Sell-side analysts anticipate that National Bank of Canada will post 6.58 earnings per share for the current year.

About National Bank of Canada

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

See Also: What is Cost of Capital?

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply