BMO Capital Markets Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price target lifted by stock analysts at BMO Capital Markets from C$172.00 to C$177.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 2.66% from the company’s current price.

A number of other research analysts have also recently commented on the company. Barclays upped their price target on National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a research note on Monday, November 24th. Scotiabank raised their target price on National Bank of Canada from C$166.00 to C$184.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Raymond James Financial lifted their target price on National Bank of Canada from C$168.00 to C$173.00 and gave the company a “market perform” rating in a research report on Thursday, December 4th. Canaccord Genuity Group increased their price target on shares of National Bank of Canada from C$160.00 to C$166.00 in a research report on Thursday, December 4th. Finally, Desjardins lifted their price objective on shares of National Bank of Canada from C$167.00 to C$175.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$165.42.

National Bank of Canada Trading Down 1.0%

TSE NA traded down C$1.66 during trading hours on Wednesday, reaching C$172.42. The company had a trading volume of 564,429 shares, compared to its average volume of 1,809,200. The stock has a market capitalization of C$67.62 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 7.14 and a beta of 1.13. The stock has a 50-day moving average of C$160.97 and a 200 day moving average of C$149.99. National Bank of Canada has a 1-year low of C$106.67 and a 1-year high of C$175.99.

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