National Bank of Canada (TSE:NA) Price Target Raised to C$154.00

National Bank of Canada (TSE:NA) had its price objective increased by Scotiabank from C$129.00 to C$154.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other research firms also recently commented on NA. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Desjardins increased their price target on National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. TD Securities lifted their price objective on National Bank of Canada from C$129.00 to C$140.00 in a research note on Friday, November 15th. Cormark upped their target price on National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday, August 29th. Finally, Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$132.40.

National Bank of Canada Price Performance

TSE NA opened at C$138.43 on Monday. The company has a market cap of C$47.12 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 7.14 and a beta of 1.12. The stock’s fifty day moving average price is C$131.32 and its 200 day moving average price is C$120.68. National Bank of Canada has a 1 year low of C$87.92 and a 1 year high of C$138.79.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The business had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. Research analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current year.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest purchased 285 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average cost of C$133.71 per share, with a total value of C$38,107.35. Company insiders own 0.21% of the company’s stock.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.