BMO Capital Markets Increases National Bank of Canada (TSE:NA) Price Target to C$177.00

National Bank of Canada (TSE:NA) had its price objective hoisted by equities researchers at BMO Capital Markets from C$172.00 to C$177.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 1.98% from the company’s current price.

Several other research firms have also recently commented on NA. Scotiabank upped their price target on National Bank of Canada from C$166.00 to C$184.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Barclays upped their price objective on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. Jefferies Financial Group reduced their target price on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a research note on Tuesday, November 25th. Royal Bank Of Canada boosted their price target on shares of National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday, December 4th. Finally, TD Securities raised their price objective 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 report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, National Bank of Canada currently has an average rating of “Hold” and an average price target of C$165.83.

National Bank of Canada Stock Performance

Shares of TSE:NA opened at C$173.57 on Wednesday. National Bank of Canada has a one year low of C$106.67 and a one year high of C$175.99. The stock has a market capitalization of C$68.07 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 7.14 and a beta of 1.13. The company has a 50-day simple moving average of C$161.89 and a 200-day simple moving average of C$150.31.

National Bank of Canada (TSE:NA) last issued its quarterly earnings results 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, research analysts forecast 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.