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

National Bank of Canada (TSE:NA) had its price objective increased by analysts at Royal Bank Of Canada from C$149.00 to C$163.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s target price would indicate a potential downside of 5.18% from the stock’s previous close.

NA has been the topic of several other research reports. CIBC upped their price target on shares of National Bank of Canada from C$154.00 to C$166.00 in a research report on Wednesday, November 19th. Scotiabank increased their target price on National Bank of Canada from C$159.00 to C$166.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Barclays raised their target price on National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a report on Monday, November 24th. Jefferies Financial Group cut their price target on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating on the stock in a research report on Tuesday, November 25th. Finally, Raymond James Financial set a C$168.00 price objective on shares of National Bank of Canada and gave the company a “market perform” rating in a report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$160.00.

National Bank of Canada Trading Up 2.1%

TSE:NA traded up C$3.51 on Thursday, hitting C$171.91. 1,332,672 shares of the company’s stock traded hands, compared to its average volume of 1,818,550. The company has a market cap of C$67.42 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 7.14 and a beta of 1.08. The firm has a 50-day moving average price of C$156.89 and a 200-day moving average price of C$147.20. 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 EPS for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. The company had revenue of C$3.70 billion for the quarter. On average, research analysts forecast that National Bank of Canada will post 10.8360791 EPS 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.