National Bank of Canada (NA) PT Raised to C$61.00 at BMO Capital Markets

National Bank of Canada (TSE:NA) had its price objective boosted by research analysts at BMO Capital Markets from C$60.00 to C$61.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ target price would indicate a potential upside of 6.74% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Scotiabank upped their target price on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the company an “outperform” rating in a research report on Monday, August 21st. Eight Capital upped their price target on shares of National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday, June 1st. TD Securities upped their price target on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the company a “hold” rating in a report on Thursday. Canaccord Genuity upped their price target on shares of National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday. Finally, Royal Bank Of Canada upped their price target on shares of National Bank of Canada from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. National Bank of Canada has a consensus rating of “Hold” and a consensus target price of C$60.75.

Shares of National Bank of Canada (TSE:NA) opened at 57.15 on Thursday. The company has a 50 day moving average price of $56.00 and a 200 day moving average price of $55.37. The company has a market capitalization of $19.52 billion and a PE ratio of 12.10. National Bank of Canada has a 1-year low of $45.11 and a 1-year high of $59.12.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, May 31st. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.54 billion. National Bank of Canada had a net margin of 30.31% and a return on equity of 17.47%. Equities analysts predict that National Bank of Canada will post $5.42 EPS for the current fiscal year.

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In other news, Director Andrée Savoie purchased 650 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were bought at an average cost of C$53.67 per share, for a total transaction of C$34,885.50.

About National Bank of Canada

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