National Bank of Canada (TSE:NA) Stock Price Expected to Rise, Desjardins Analyst Says

National Bank of Canada (TSE:NA) had its price target increased by Desjardins from C$180.00 to C$182.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Desjardins’ price target would suggest a potential upside of 5.09% from the company’s current price.

NA has been the topic of several other reports. Canadian Imperial Bank of Commerce boosted their target price on National Bank of Canada from C$174.00 to C$179.00 and gave the company a “neutral” rating in a research note on Thursday, December 11th. BMO Capital Markets boosted their price objective on National Bank of Canada from C$172.00 to C$177.00 in a research note on Wednesday, December 17th. Barclays upped their price objective on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the company an “equal weight” rating in a report on Monday, November 24th. Royal Bank Of Canada lifted their target price on shares of National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday, December 4th. Finally, Canaccord Genuity Group upped their price target on shares of National Bank of Canada from C$160.00 to C$166.00 in a research note on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$165.83.

National Bank of Canada Stock Up 0.5%

NA opened at C$173.18 on Monday. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$177.54. The company’s 50-day moving average price is C$170.85 and its two-hundred day moving average price is C$158.96. The stock has a market cap of C$67.59 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 7.14 and a beta of 1.05.

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