Royal Bank Of Canada Issues Pessimistic Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its target price dropped by Royal Bank Of Canada from C$193.00 to C$180.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 0.52% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial upped their target price on shares of National Bank of Canada from C$179.00 to C$200.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. BMO Capital Markets boosted their price objective on National Bank of Canada from C$177.00 to C$195.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Jefferies Financial Group increased their price objective on National Bank of Canada from C$165.00 to C$172.00 in a research note on Thursday, February 26th. Canaccord Genuity Group dropped their target price on National Bank of Canada from C$191.00 to C$190.00 and set a “hold” rating on the stock in a report on Monday, March 9th. Finally, Scotiabank lifted their target price on National Bank of Canada from C$188.00 to C$202.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$190.27.

National Bank of Canada Trading Down 1.2%

Shares of NA stock opened at C$179.06 on Wednesday. The firm has a market capitalization of C$69.32 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 7.14 and a beta of 1.32. The firm has a fifty day simple moving average of C$176.24 and a two-hundred day simple moving average of C$166.55. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$193.71.

National Bank of Canada (TSE:NA) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. The firm had revenue of C$3.89 billion for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. On average, equities analysts predict that National Bank of Canada will post 10.8360791 earnings per share 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.