National Bank of Canada (TSE:NA) Stock Price Expected to Rise, CIBC Analyst Says

National Bank of Canada (TSE:NA) had its price target upped by equities research analysts at CIBC from C$151.00 to C$154.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “neutral” rating on the financial services provider’s stock. CIBC’s target price points to a potential upside of 5.54% from the company’s current price.

A number of other brokerages have also recently issued reports on NA. Desjardins lowered their target price on National Bank of Canada from C$150.00 to C$149.00 and set a “hold” rating for the company in a report on Thursday, August 28th. Cibc World Mkts raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Friday, August 1st. Barclays upped their target price on National Bank of Canada from C$141.00 to C$147.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. Scotiabank upped their target price on National Bank of Canada from C$142.00 to C$147.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, Canaccord Genuity Group upped their target price on National Bank of Canada from C$136.00 to C$138.00 and gave the stock a “hold” rating in a report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$143.42.

National Bank of Canada Stock Performance

National Bank of Canada stock opened at C$145.91 on Friday. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$151.97. The stock has a market capitalization of C$57.10 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 7.14 and a beta of 1.06. The stock has a fifty day moving average of C$144.81 and a 200-day moving average of C$130.97.

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.