TD Securities Has Lowered Expectations for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price target reduced by equities research analysts at TD Securities from C$181.00 to C$175.00 in a report released on Monday,BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 1.90% from the company’s current price.

Other analysts also recently issued reports about the stock. Jefferies Financial Group dropped their target price 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 report on Tuesday, November 25th. Scotiabank boosted their price objective on shares of National Bank of Canada from C$184.00 to C$188.00 in a research report on Friday, January 9th. BMO Capital Markets increased their target price on National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday, December 17th. Royal Bank Of Canada lifted their price target on National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday, December 4th. Finally, Desjardins boosted their price target on National Bank of Canada from C$180.00 to C$182.00 and gave the company a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$165.83.

National Bank of Canada Stock Up 1.6%

NA stock traded up C$2.67 during midday trading on Monday, reaching C$171.74. The stock had a trading volume of 388,346 shares, compared to its average volume of 1,522,508. The firm has a market cap of C$67.03 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 7.14 and a beta of 1.05. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$177.54. The business has a fifty day simple moving average of C$170.73 and a two-hundred day simple moving average of C$158.56.

National Bank of Canada (TSE:NA) last posted 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 return on equity of 15.43% and a net margin of 19.69%.The business had revenue of C$3.70 billion for the quarter. On average, equities analysts predict that National Bank of Canada will post 10.8360791 earnings per share 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.