Barclays Boosts National Bank of Canada (TSE:NA) Price Target to C$177.00

National Bank of Canada (TSE:NA) had its price objective upped by stock analysts at Barclays from C$164.00 to C$177.00 in a note issued to investors on Thursday,BayStreet.CA reports. Barclays‘s price target would indicate a potential downside of 0.95% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada increased their price objective on National Bank of Canada from C$149.00 to C$163.00 in a report on Thursday, December 4th. Canadian Imperial Bank of Commerce upgraded shares of National Bank of Canada from a “hold” rating to an “outperform” rating and upped their price target for the company from C$179.00 to C$189.00 in a research report on Friday, February 13th. Canaccord Genuity Group increased their price target on shares of National Bank of Canada from C$170.00 to C$180.00 and gave the stock a “hold” rating in a research note on Thursday, February 12th. TD Securities dropped their price objective on shares of National Bank of Canada from C$181.00 to C$175.00 in a research note on Monday, February 9th. Finally, Raymond James Financial upped their target price on shares of National Bank of Canada from C$173.00 to C$179.00 and gave the company a “market perform” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$171.00.

National Bank of Canada Stock Performance

NA opened at C$178.70 on Thursday. The business’s 50-day simple moving average is C$171.36 and its 200-day simple moving average is C$160.47. National Bank of Canada has a one year low of C$106.67 and a one year high of C$178.85. The stock has a market capitalization of C$69.75 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share (EPS) for the quarter. The firm had revenue of C$3.70 billion during the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%. On average, equities 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.