Scotiabank Forecasts Strong Price Appreciation for National Bank of Canada (TSE:NA) Stock

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

NA has been the topic of several other reports. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. BMO Capital Markets boosted their price objective on National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. Cormark raised their target price on National Bank of Canada from C$122.00 to C$128.00 in a research report on Thursday, August 29th. TD Securities boosted their price target on shares of National Bank of Canada from C$129.00 to C$140.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group raised their price objective on shares of National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$131.80.

National Bank of Canada Trading Down 0.3 %

Shares of National Bank of Canada stock opened at C$137.39 on Monday. National Bank of Canada has a 1 year low of C$87.92 and a 1 year high of C$138.79. The company’s fifty day simple moving average is C$130.91 and its 200-day simple moving average is C$120.43. The company has a market cap of C$46.76 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The company had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. As a group, research analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest bought 285 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were bought 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.