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.
ILLEGAL ACTIVITY NOTICE: “National Bank of Canada (NA) PT Raised to C$61.00 at BMO Capital Markets” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://ledgergazette.com/2017/09/02/national-bank-of-canada-na-pt-raised-to-c61-00-at-bmo-capital-markets.html.
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
Receive News & Ratings for National Bank of Canada Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for National Bank of Canada and related companies with MarketBeat.com’s FREE daily email newsletter.