Scotiabank Raises National Bank of Canada (TSE:NA) Price Target to C$166.00

National Bank of Canada (TSE:NA) had its price target boosted by Scotiabank from C$159.00 to C$166.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Scotiabank’s price objective would suggest a potential downside of 1.04% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Cibc World Mkts raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Friday, August 1st. TD Securities increased their target price on shares of National Bank of Canada from C$148.00 to C$161.00 in a research report on Monday, November 10th. Desjardins raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. CIBC boosted 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. Finally, Royal Bank Of Canada dropped their price objective on shares of National Bank of Canada from C$152.00 to C$148.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$150.77.

National Bank of Canada Trading Up 1.4%

Shares of NA opened at C$167.74 on Tuesday. The stock has a market cap of C$65.78 billion, a PE ratio of 16.53, a PEG ratio of 7.14 and a beta of 1.08. National Bank of Canada has a 1 year low of C$106.67 and a 1 year high of C$167.79. The stock has a 50 day simple moving average of C$155.16 and a 200-day simple moving average of C$145.73.

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.