National Bank of Canada (TSE:NA) Price Target Raised to C$141.00

National Bank of Canada (TSE:NA) had its price target raised by CIBC from C$135.00 to C$141.00 in a report released on Tuesday,BayStreet.CA reports.

Several other research firms have also issued reports on NA. Cormark upped their price target on shares of National Bank of Canada from C$122.00 to C$128.00 in a research report on Thursday, August 29th. Scotiabank increased their target price on National Bank of Canada from C$129.00 to C$154.00 in a report on Monday. BMO Capital Markets lifted their price target on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Jefferies Financial Group increased their price objective on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. Finally, TD Securities boosted their price objective on shares of National Bank of Canada from C$129.00 to C$140.00 in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$132.40.

National Bank of Canada Price Performance

Shares of NA opened at C$137.92 on Tuesday. National Bank of Canada has a 1 year low of C$88.22 and a 1 year high of C$139.18. The stock has a 50 day simple moving average of C$131.55 and a two-hundred day simple moving average of C$120.84. The firm has a market cap of C$46.95 billion, a P/E ratio of 13.43, a P/E/G ratio of 7.14 and a beta of 1.12.

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 (EPS) for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. The company had revenue of C$2.98 billion during the quarter, compared to analysts’ expectations of C$2.95 billion. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. On average, equities analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share for the current year.

Insider Activity

In related news, Director Yvon Charest acquired 285 shares of the stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of C$133.71 per share, for a total transaction of C$38,107.35. Company insiders own 0.21% of the company’s stock.

About National Bank of Canada

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.