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

National Bank of Canada (TSE:NA) had its price target lifted by investment analysts at CIBC from C$135.00 to C$141.00 in a note issued to investors on Tuesday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 1.86% from the stock’s current price.

Several other brokerages have also commented on NA. Jefferies Financial Group boosted their target price on shares of National Bank of Canada from C$119.00 to C$126.00 in a research report on Thursday, August 29th. Scotiabank boosted their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a report on Monday. Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Canaccord Genuity Group boosted their price target on National Bank of Canada from C$123.00 to C$135.00 in a research note on Tuesday, November 19th. Finally, BMO Capital Markets upped their price target on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$132.40.

National Bank of Canada Trading Up 0.7 %

Shares of NA opened at C$138.43 on Tuesday. The stock’s 50 day moving average is C$131.32 and its two-hundred day moving average is C$120.68. National Bank of Canada has a twelve month low of C$87.92 and a twelve month high of C$138.79. The firm has a market capitalization of C$47.12 billion, a PE ratio of 13.48, a P/E/G 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 for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. The firm had revenue of C$2.98 billion for the quarter, compared to the consensus estimate of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. On average, sell-side analysts predict that National Bank of Canada will post 10.8360791 EPS for the current year.

Insider Activity at National Bank of Canada

In other news, Director Yvon Charest purchased 285 shares of the stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. 0.21% of the stock is currently owned by corporate insiders.

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.