Raymond James Financial Increases National Bank of Canada (TSE:NA) Price Target to C$179.00

National Bank of Canada (TSE:NA) had its price target increased by investment analysts at Raymond James Financial from C$173.00 to C$179.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Raymond James Financial’s price target points to a potential upside of 1.42% from the company’s current price.

A number of other analysts also recently commented on NA. Jefferies Financial Group boosted their target price on National Bank of Canada from C$156.00 to C$165.00 in a research report on Wednesday, February 11th. BMO Capital Markets boosted their price objective on shares of National Bank of Canada from C$172.00 to C$177.00 in a research report on Wednesday, December 17th. Barclays raised their target price 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. TD Securities reduced their price target on shares of National Bank of Canada from C$181.00 to C$175.00 in a report on Monday, February 9th. Finally, Canaccord Genuity Group raised their price objective on shares of National Bank of Canada from C$170.00 to C$180.00 and gave the stock a “hold” rating in a research note on Thursday, February 12th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, National Bank of Canada currently has an average rating of “Hold” and a consensus price target of C$169.42.

National Bank of Canada Trading Up 2.1%

NA stock opened at C$176.50 on Tuesday. The company’s 50-day moving average price is C$171.16 and its 200 day moving average price is C$160.11. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$177.54. The company has a market cap of C$68.89 billion, a P/E ratio of 17.53, a P/E/G 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 earnings per share (EPS) for the quarter. The company had revenue of C$3.70 billion during the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. On average, equities research analysts expect that National Bank of Canada will post 10.8360791 earnings per share 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.