National Bank of Canada (TSE:NA) Given Average Recommendation of “Hold” by Analysts

Shares of National Bank of Canada (TSE:NA) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$161.92.

A number of equities research analysts have recently issued reports on NA shares. Canaccord Genuity Group upped their target price on shares of National Bank of Canada from C$160.00 to C$166.00 in a research note on Thursday, December 4th. Royal Bank Of Canada boosted their price objective on National Bank of Canada from C$149.00 to C$163.00 in a report on Thursday, December 4th. TD Securities increased their target price on National Bank of Canada from C$161.00 to C$181.00 and gave the stock a “hold” rating in a report on Thursday, December 4th. Scotiabank lifted their target price on National Bank of Canada from C$166.00 to C$184.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Finally, Raymond James Financial upped their price target on National Bank of Canada from C$168.00 to C$173.00 and gave the company a “market perform” rating in a research report on Thursday, December 4th.

National Bank of Canada Trading Up 0.0%

NA stock opened at C$172.62 on Monday. The firm has a 50 day simple moving average of C$160.07 and a 200-day simple moving average of C$149.44. The company has a market capitalization of C$67.70 billion, a P/E ratio of 17.14, a PEG ratio of 7.14 and a beta of 1.13. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$175.99.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share (EPS) for the quarter. The firm had revenue of C$3.70 billion for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. On average, research analysts predict that National Bank of Canada will post 10.8360791 EPS for the current 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.