Raymond James Financial Cuts National Bank of Canada (TSE:NA) Price Target to C$203.00

National Bank of Canada (TSE:NA) had its target price reduced by equities researchers at Raymond James Financial from C$206.50 to C$203.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Raymond James Financial’s price objective suggests a potential downside of 0.34% from the company’s previous close.

NA has been the subject of several other reports. Canadian Imperial Bank of Commerce increased their price objective on National Bank of Canada from C$196.00 to C$209.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Scotiabank increased their price objective on National Bank of Canada from C$202.00 to C$214.00 and gave the company a “sector outperform” rating in a research report on Monday, May 4th. Jefferies Financial Group increased their target price on shares of National Bank of Canada from C$172.00 to C$188.00 in a research note on Wednesday, May 20th. TD increased their target price on shares of National Bank of Canada from C$182.00 to C$202.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Finally, TD Securities increased their target price on shares of National Bank of Canada from C$175.00 to C$182.00 in a research note on Thursday, February 26th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$198.42.

National Bank of Canada Stock Down 0.1%

NA stock traded down C$0.21 during mid-day trading on Thursday, reaching C$203.69. 821,687 shares of the stock traded hands, compared to its average volume of 1,462,861. National Bank of Canada has a 52 week low of C$132.72 and a 52 week high of C$214.78. The business has a 50-day moving average of C$196.64 and a two-hundred day moving average of C$180.97. The firm has a market capitalization of C$78.85 billion, a PE ratio of 19.64, a P/E/G ratio of 7.14 and a beta of 1.30.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 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$3.91 billion during the quarter. On average, equities research analysts anticipate 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.