Canaccord Genuity Group Has Lowered Expectations for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its target price cut by equities research analysts at Canaccord Genuity Group from C$191.00 to C$190.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 3.29% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Raymond James Financial lifted their price objective on National Bank of Canada from C$179.00 to C$200.00 and gave the stock a “market perform” rating in a research report on Thursday, February 26th. Scotiabank boosted their price target on National Bank of Canada from C$188.00 to C$202.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. National Bank Financial increased their price objective on National Bank of Canada from C$183.00 to C$196.00 in a research note on Thursday, March 5th. Royal Bank Of Canada lifted their price objective on National Bank of Canada from C$163.00 to C$193.00 in a research report on Thursday, February 26th. Finally, Desjardins upped their target price on shares of National Bank of Canada from C$182.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, National Bank of Canada presently has a consensus rating of “Hold” and a consensus target price of C$191.45.

National Bank of Canada Stock Down 0.9%

National Bank of Canada stock opened at C$183.94 on Monday. The firm has a market capitalization of C$71.23 billion, a PE ratio of 17.74, a P/E/G ratio of 7.14 and a beta of 1.32. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$193.71. The firm’s 50-day simple moving average is C$174.37 and its 200 day simple moving average is C$163.90.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share (EPS) for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. The company had revenue of C$3.89 billion during the quarter. On average, research analysts expect that National Bank of Canada will post 10.8360791 EPS for the current fiscal 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.