Raymond James Financial Forecasts Strong Price Appreciation for National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) had its target price boosted by stock analysts at Raymond James Financial from C$168.00 to C$173.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Raymond James Financial’s price objective suggests a potential upside of 1.31% from the stock’s previous close.

NA has been the topic of a number of other research reports. Canaccord Genuity Group boosted their price target on shares of National Bank of Canada from C$160.00 to C$166.00 in a report on Thursday. Scotiabank lifted their price objective on shares of National Bank of Canada from C$159.00 to C$166.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. TD Securities boosted their target price on shares of National Bank of Canada from C$161.00 to C$181.00 and gave the company a “hold” rating in a research note on Thursday. Desjardins raised their target price on National Bank of Canada from C$167.00 to C$175.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group lowered their price target on National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating on the stock in a report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$161.50.

National Bank of Canada Stock Down 0.9%

Shares of TSE NA opened at C$170.76 on Thursday. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$175.99. The company has a market cap of C$66.65 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 7.14 and a beta of 1.13. The business has a fifty day simple moving average of C$157.74 and a 200-day simple moving average of C$147.67.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share (EPS) for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.The firm had revenue of C$3.70 billion for the quarter. As a group, sell-side analysts expect that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

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.