Jefferies Financial Group Raises National Bank of Canada (TSE:NA) Price Target to C$165.00

National Bank of Canada (TSE:NA) had its price target increased by investment analysts at Jefferies Financial Group from C$156.00 to C$165.00 in a research note issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential downside of 4.21% from the stock’s current price.

A number of other equities research analysts also recently issued reports on NA. Canadian Imperial Bank of Commerce boosted their price target on National Bank of Canada from C$174.00 to C$179.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Royal Bank Of Canada boosted their target price on National Bank of Canada from C$149.00 to C$163.00 in a report on Thursday, December 4th. Scotiabank increased their target price on shares of National Bank of Canada from C$184.00 to C$188.00 in a research report on Friday, January 9th. TD Securities cut their price target on shares of National Bank of Canada from C$181.00 to C$175.00 in a report on Monday. Finally, Barclays lifted their price target on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the company an “equal weight” rating in a research report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$168.08.

National Bank of Canada Stock Down 0.7%

TSE:NA opened at C$172.25 on Wednesday. The company has a market cap of C$67.23 billion, a P/E ratio of 17.11, a P/E/G ratio of 7.14 and a beta of 1.05. The firm’s 50 day moving average is C$170.95 and its two-hundred day moving average is C$159.15. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$177.54.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share (EPS) for the quarter. The company had revenue of C$3.70 billion during the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. Research analysts forecast that National Bank of Canada will post 10.8360791 earnings per share 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.