National Bank of Canada (TSE:NA) had its target price raised by analysts at BMO Capital Markets from C$60.00 to C$61.00 in a research note issued on Thursday. The firm currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 6.48% from the company’s current price.
NA has been the subject of a number of other reports. Barclays PLC raised shares of National Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 23rd. Eight Capital lifted their price target on shares of National Bank of Canada from C$60.00 to C$62.00 in a research note on Thursday, June 1st. Scotiabank lifted their price target on shares of National Bank of Canada from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Securities lifted their price target on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Royal Bank Of Canada lifted their price target on shares of National Bank of Canada from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. National Bank of Canada currently has an average rating of “Hold” and an average price target of C$60.75.
National Bank of Canada (TSE NA) traded up 0.51% during mid-day trading on Thursday, reaching $57.58. 580,363 shares of the company’s stock traded hands. National Bank of Canada has a one year low of $45.11 and a one year high of $59.12. The firm’s 50-day moving average price is $55.82 and its 200 day moving average price is $55.39. The firm has a market cap of $19.66 billion and a price-to-earnings ratio of 12.19.
National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, May 31st. The financial services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. National Bank of Canada had a net margin of 30.31% and a return on equity of 17.47%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. On average, equities analysts forecast that National Bank of Canada will post $5.31 EPS for the current year.
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In related news, Director Andrée Savoie acquired 650 shares of the stock in a transaction on Monday, June 5th. The stock was bought at an average cost of C$53.67 per share, with a total value of C$34,885.50.
National Bank of Canada Company Profile
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